Scarborough Advisors LLC Purchases 305 Shares of Invesco QQQ (NASDAQ:QQQ)

Scarborough Advisors LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 14.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,483 shares of the exchange traded fund’s stock after acquiring an additional 305 shares during the quarter. Invesco QQQ makes up 0.5% of Scarborough Advisors LLC’s investment portfolio, making the stock its 28th largest position. Scarborough Advisors LLC’s holdings in Invesco QQQ were worth $1,190,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Atwater Malick LLC purchased a new stake in shares of Invesco QQQ during the first quarter worth $293,000. Westwood Holdings Group Inc. lifted its holdings in 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 in the last quarter. GenWealth Group Inc. grew its holdings in Invesco QQQ by 5.8% during the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after buying an additional 2,325 shares in the last quarter. Socha Financial Group LLC increased its position in shares of Invesco QQQ by 1.3% during the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after buying an additional 1,153 shares during the period. Finally, SVB Wealth LLC lifted its holdings in shares of Invesco QQQ by 15.2% in the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after buying an additional 2,453 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $473.22 on Friday. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The firm has a fifty day moving average price of $470.51 and a two-hundred day moving average price of $456.80.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were paid a $0.7615 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Monday, June 24th.

Invesco QQQ Company 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.