Invesco QQQ $QQQ Shares Acquired by American Trust

American Trust boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 7,093.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 42,947 shares of the exchange traded fund’s stock after buying an additional 42,350 shares during the quarter. Invesco QQQ comprises approximately 2.2% of American Trust’s investment portfolio, making the stock its 11th biggest holding. American Trust’s holdings in Invesco QQQ were worth $23,692,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. FSC Wealth Advisors LLC increased its position in Invesco QQQ by 1.5% during the second quarter. FSC Wealth Advisors LLC now owns 6,498 shares of the exchange traded fund’s stock worth $3,585,000 after purchasing an additional 98 shares during the last quarter. Evolution Wealth Management Inc. purchased a new stake in shares of Invesco QQQ during the 2nd quarter valued at $1,174,000. Centaurus Financial Inc. increased its holdings in shares of Invesco QQQ by 2.5% during the 2nd quarter. Centaurus Financial Inc. now owns 53,057 shares of the exchange traded fund’s stock worth $29,268,000 after buying an additional 1,314 shares during the last quarter. Prospera Capital Management LLC raised its position in shares of Invesco QQQ by 11.3% in the 2nd quarter. Prospera Capital Management LLC now owns 4,923 shares of the exchange traded fund’s stock worth $2,718,000 after buying an additional 500 shares during the period. Finally, Midwestern Financial LLC IA purchased a new position in shares of Invesco QQQ in the 2nd quarter worth $2,419,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $613.62 on Monday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The stock’s 50-day moving average is $613.64 and its 200-day moving average is $581.01.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were given a dividend of $0.694 per share. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, September 22nd.

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.