Invesco QQQ $QQQ Stock Position Raised by Beacon Capital Management Inc.

Beacon Capital Management Inc. raised its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 8.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 197,182 shares of the exchange traded fund’s stock after buying an additional 14,869 shares during the period. Invesco QQQ comprises approximately 5.7% of Beacon Capital Management Inc.’s holdings, making the stock its 4th largest position. Beacon Capital Management Inc.’s holdings in Invesco QQQ were worth $118,382,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Morgan Dempsey Capital Management LLC purchased a new stake in Invesco QQQ during the second quarter valued at $30,000. Navigoe LLC grew its stake in shares of Invesco QQQ by 300.0% during the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 45 shares during the period. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ during the 2nd quarter valued at about $41,000. Moser Wealth Advisors LLC increased its position in shares of Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 93 shares during the last quarter. Finally, Canoe Financial LP bought a new position in shares of Invesco QQQ in the 3rd quarter worth approximately $64,000. 44.58% of the stock is owned by institutional investors.

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Invesco QQQ Price Performance

QQQ opened at $623.89 on Friday. The company’s 50 day moving average is $616.25 and its 200 day moving average is $586.55. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be given a dividend of $0.7941 per share. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69.

Invesco QQQ Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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