Invesco QQQ $QQQ Position Boosted by AdvisorShares Investments LLC

AdvisorShares Investments LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,181 shares of the exchange traded fund’s stock after purchasing an additional 806 shares during the period. Invesco QQQ makes up 9.9% of AdvisorShares Investments LLC’s portfolio, making the stock its 2nd largest position. AdvisorShares Investments LLC’s holdings in Invesco QQQ were worth $54,359,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Goodman Advisory Group LLC purchased a new position in shares of Invesco QQQ in the third quarter worth about $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Invesco QQQ during the 4th quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Invesco QQQ by 2,150.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 43 shares during the period. Shcp LLC bought a new position in Invesco QQQ during the 3rd quarter worth approximately $27,000. Finally, Rachor Investment Advisory Services LLC bought a new position in Invesco QQQ during the 4th quarter worth approximately $29,000. 44.58% of the stock is owned by institutional investors.

More Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Weaker-than-expected June jobs data helped cool rate-hike fears, which is generally supportive for growth stocks and the Nasdaq-100 holdings that dominate QQQ. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Market commentary says the Nasdaq sell-off may have created a buying opportunity for QQQ after a weak first half for some of America’s biggest growth names. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Reports that stocks and Nasdaq futures were holding up ahead of the payroll release suggest investors remain willing to stay in or add to large-cap tech exposure through QQQ. S&P 500, Nasdaq Futures Climb While Dow Futures Fall Ahead Of Key Jobs Report: META, MU, JACK, CEG Stocks In Focus

Invesco QQQ Stock Up 0.1%

Shares of Invesco QQQ stock opened at $713.61 on Friday. The business’s 50 day simple moving average is $712.54 and its two-hundred day simple moving average is $646.26. Invesco QQQ has a one year low of $549.58 and a one year high of $748.65.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 22nd will be issued a dividend of $0.8135 per share. The ex-dividend date is Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73.

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.