WASHINGTON TRUST Co Purchases 61 Shares of Invesco QQQ (NASDAQ:QQQ)

WASHINGTON TRUST Co boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 6.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,019 shares of the exchange traded fund’s stock after buying an additional 61 shares during the period. WASHINGTON TRUST Co’s holdings in Invesco QQQ were worth $488,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of QQQ. Wedmont Private Capital increased its stake in Invesco QQQ by 4.0% in the second quarter. Wedmont Private Capital now owns 18,708 shares of the exchange traded fund’s stock worth $9,257,000 after purchasing an additional 718 shares during the period. Aspect Partners LLC increased its stake in Invesco QQQ by 143.3% in the second quarter. Aspect Partners LLC now owns 1,791 shares of the exchange traded fund’s stock worth $858,000 after purchasing an additional 1,055 shares during the period. Insight Advisors LLC PA increased its stake in Invesco QQQ by 10.8% in the second quarter. Insight Advisors LLC PA now owns 9,082 shares of the exchange traded fund’s stock worth $4,354,000 after purchasing an additional 886 shares during the period. Baxter Bros Inc. increased its stake in Invesco QQQ by 26.1% in the second quarter. Baxter Bros Inc. now owns 2,377 shares of the exchange traded fund’s stock worth $1,139,000 after purchasing an additional 492 shares during the period. Finally, JFS Wealth Advisors LLC increased its stake in Invesco QQQ by 1.6% in the second quarter. JFS Wealth Advisors LLC now owns 8,094 shares of the exchange traded fund’s stock worth $3,878,000 after purchasing an additional 128 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded up $9.94 during trading on Tuesday, hitting $461.32. 27,325,719 shares of the stock traded hands, compared to its average volume of 41,025,180. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52. The stock’s fifty day simple moving average is $473.75 and its 200 day simple moving average is $450.67.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were given a dividend of $0.7615 per share. The ex-dividend date was Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a yield of 0.66%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.