Carter Financial Group INC. Invests $2.27 Million in Invesco QQQ $QQQ

Carter Financial Group INC. bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,107 shares of the exchange traded fund’s stock, valued at approximately $2,268,000. Invesco QQQ makes up about 1.5% of Carter Financial Group INC.’s investment portfolio, making the stock its 15th biggest position.

Several other large investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC raised its position in shares of Invesco QQQ by 704,593.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after acquiring an additional 67,605,770 shares during the period. JPMorgan Chase & Co. raised its holdings in Invesco QQQ by 42.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after purchasing an additional 1,457,109 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Invesco QQQ by 0.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund’s stock worth $1,778,116,000 after purchasing an additional 22,220 shares in the last quarter. HRT Financial LP boosted its position in Invesco QQQ by 118.3% during the second quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after purchasing an additional 1,704,600 shares in the last quarter. Finally, Symphony Financial Ltd. Co. acquired a new stake in Invesco QQQ in the second quarter valued at approximately $1,236,482,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $613.62 on Friday. The business has a 50 day simple moving average of $613.64 and a 200-day simple moving average of $580.58. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were issued a $0.694 dividend. This represents a $2.78 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59.

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.