Gryphon Financial Partners LLC Increases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Gryphon Financial Partners LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 33.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,160 shares of the exchange traded fund’s stock after acquiring an additional 796 shares during the quarter. Gryphon Financial Partners LLC’s holdings in Invesco QQQ were worth $1,514,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ during the 1st quarter valued at $28,000. Deane Retirement Strategies Inc. purchased a new position in Invesco QQQ in the 1st quarter worth about $29,000. Mechanics Financial Corp purchased a new position in Invesco QQQ in the 2nd quarter worth about $30,000. Legacy Bridge LLC increased its position in shares of Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Finally, Voisard Asset Management Group Inc. purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at about $35,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.4 %

Shares of NASDAQ:QQQ opened at $456.30 on Tuesday. 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 $471.88 and a 200 day moving average of $456.44.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were given a dividend of $0.7615 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Monday, June 24th.

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.