Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Liberty One Investment Management LLC

Liberty One Investment Management LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 73.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,657 shares of the exchange traded fund’s stock after acquiring an additional 1,127 shares during the period. Liberty One Investment Management LLC’s holdings in Invesco QQQ were worth $1,273,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Atwater Malick LLC purchased a new stake in Invesco QQQ during the 1st quarter worth about $293,000. Westwood Holdings Group Inc. boosted its stake in shares of Invesco QQQ by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after purchasing an additional 1,993 shares during the last quarter. Aviance Capital Partners LLC grew its holdings in shares of Invesco QQQ by 29.7% during the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock worth $1,848,000 after buying an additional 1,033 shares in the last quarter. GenWealth Group Inc. grew its holdings in shares of Invesco QQQ by 5.8% during the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after buying an additional 2,325 shares in the last quarter. Finally, Fiera Capital Corp raised its position in shares of Invesco QQQ by 1.7% in the fourth quarter. Fiera Capital Corp now owns 656,835 shares of the exchange traded fund’s stock valued at $268,987,000 after buying an additional 11,013 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ traded down $1.01 on Tuesday, hitting $480.26. 28,442,246 shares of the stock traded hands, compared to its average volume of 40,845,246. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The stock’s 50 day moving average is $474.69 and its two-hundred day moving average is $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 paid a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.63%. 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.

Invesco QQQ Profile

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.