Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Brand Asset Management Group Inc.

Brand Asset Management Group Inc. lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 26.8% during the second quarter, HoldingsChannel reports. The fund owned 1,183 shares of the exchange traded fund’s stock after acquiring an additional 250 shares during the quarter. Brand Asset Management Group Inc.’s holdings in Invesco QQQ were worth $567,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQ. International Assets Investment Management LLC boosted its holdings in Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after buying an additional 28,263,426 shares in the last quarter. Beaumont Financial Advisors LLC boosted its holdings in Invesco QQQ by 6.9% during the fourth quarter. Beaumont Financial Advisors LLC now owns 5,067 shares of the exchange traded fund’s stock worth $2,075,000 after buying an additional 328 shares in the last quarter. Redmont Wealth Advisors LLC boosted its holdings in Invesco QQQ by 14.1% during the fourth quarter. Redmont Wealth Advisors LLC now owns 2,896 shares of the exchange traded fund’s stock worth $1,186,000 after buying an additional 358 shares in the last quarter. Tanager Wealth Management LLP boosted its holdings in Invesco QQQ by 31.9% during the fourth quarter. Tanager Wealth Management LLP now owns 1,984 shares of the exchange traded fund’s stock worth $813,000 after buying an additional 480 shares in the last quarter. Finally, Naples Money Management LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at about $693,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.3 %

Shares of NASDAQ QQQ traded up $6.24 on Monday, hitting $481.27. The company’s stock had a trading volume of 23,104,023 shares, compared to its average volume of 40,921,672. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The stock has a 50 day moving average of $474.69 and a 200-day moving average of $452.36.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were issued a $0.7615 dividend. This represents a $3.05 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Monday, June 24th. 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.