Ascentis Independent Advisors Has $12.22 Million Stock Holdings in Invesco QQQ $QQQ

Ascentis Independent Advisors increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 81.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 21,164 shares of the exchange traded fund’s stock after buying an additional 9,504 shares during the quarter. Invesco QQQ comprises about 0.9% of Ascentis Independent Advisors’ holdings, making the stock its 14th biggest position. Ascentis Independent Advisors’ holdings in Invesco QQQ were worth $12,217,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Goodman Advisory Group LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter worth about $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in Invesco QQQ in the fourth quarter worth approximately $25,000. Shcp LLC acquired a new position in Invesco QQQ in the third quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC raised its position in Invesco QQQ by 2,150.0% during the fourth 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 in the last quarter. Finally, Rachor Investment Advisory Services LLC bought a new position in Invesco QQQ during the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Trending Headlines about Invesco QQQ

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 Trading Up 0.1%

NASDAQ QQQ opened at $713.61 on Monday. The company has a 50 day moving average price of $712.54 and a two-hundred day moving average price of $646.51. Invesco QQQ has a 12-month low of $549.58 and a 12-month high of $748.65.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders 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 dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73.

Invesco QQQ 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.