XML Financial LLC Grows Holdings in Invesco QQQ (NASDAQ:QQQ)

XML Financial LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 7.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,870 shares of the exchange traded fund’s stock after buying an additional 548 shares during the period. XML Financial LLC’s holdings in Invesco QQQ were worth $3,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Prospect Financial Services LLC lifted its stake in Invesco QQQ by 0.3% in the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after buying an additional 21 shares during the last quarter. Sweeney & Michel LLC lifted its position in Invesco QQQ by 4.0% in the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock valued at $286,000 after purchasing an additional 22 shares during the last quarter. Summit X LLC boosted its stake in Invesco QQQ by 0.4% during the 4th quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock valued at $2,451,000 after purchasing an additional 24 shares during the period. CarsonAllaria Wealth Management Ltd. grew its position in Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 24 shares during the last quarter. Finally, Second Line Capital LLC increased its stake in shares of Invesco QQQ by 2.6% in the first quarter. Second Line Capital LLC now owns 951 shares of the exchange traded fund’s stock valued at $422,000 after purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.5 %

QQQ stock traded up $2.24 during trading on Wednesday, reaching $482.50. 25,411,801 shares of the company’s stock were exchanged, compared to its average volume of 40,755,074. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52. The company’s fifty day moving average price is $475.10 and its 200-day moving average price is $452.93.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were issued a $0.7615 dividend. The ex-dividend date was Monday, June 24th. This represents a $3.05 annualized dividend and a yield of 0.63%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

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.