Invesco QQQ (NASDAQ:QQQ) Shares Bought by Naples Global Advisors LLC

Naples Global Advisors LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,153 shares of the exchange traded fund’s stock after acquiring an additional 92 shares during the quarter. Naples Global Advisors LLC’s holdings in Invesco QQQ were worth $1,513,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ during the 1st quarter worth approximately $28,000. Deane Retirement Strategies Inc. purchased a new stake in shares of Invesco QQQ in the first quarter valued at $29,000. Legacy Bridge LLC lifted its position in shares of Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco QQQ during the fourth quarter valued at $35,000. Finally, Red Tortoise LLC increased its position in Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ traded up $0.61 on Friday, reaching $475.03. The stock had a trading volume of 38,383,623 shares, compared to its average volume of 41,031,074. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The firm’s fifty day moving average is $474.36 and its two-hundred day moving average is $451.51.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were given a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, June 24th. This is a positive change 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.