Blume Capital Management Inc. Purchases 555 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

Blume Capital Management Inc. increased its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 444.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 680 shares of the exchange traded fund’s stock after acquiring an additional 555 shares during the period. Blume Capital Management Inc.’s holdings in Invesco QQQ Trust were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of QQQ. Marcum Wealth LLC grew its position in Invesco QQQ Trust by 1.3% during the second quarter. Marcum Wealth LLC now owns 2,874 shares of the exchange traded fund’s stock worth $1,019,000 after buying an additional 38 shares in the last quarter. Wakefield Asset Management LLLP lifted its position in Invesco QQQ Trust by 1.4% during the second quarter. Wakefield Asset Management LLLP now owns 4,156 shares of the exchange traded fund’s stock valued at $1,473,000 after purchasing an additional 57 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Invesco QQQ Trust by 4.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 1,015,657 shares of the exchange traded fund’s stock valued at $359,979,000 after purchasing an additional 42,395 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its position in Invesco QQQ Trust by 4.3% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 26,180 shares of the exchange traded fund’s stock valued at $9,279,000 after purchasing an additional 1,081 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in Invesco QQQ Trust by 110.2% during the second quarter. Toronto Dominion Bank now owns 1,200,394 shares of the exchange traded fund’s stock valued at $425,450,000 after purchasing an additional 629,228 shares during the last quarter. 44.18% of the stock is currently owned by institutional investors and hedge funds.

QQQ stock traded down $1.35 during mid-day trading on Wednesday, hitting $373.91. 839,032 shares of the stock were exchanged, compared to its average volume of 41,776,973. The business has a fifty day moving average price of $369.05 and a 200 day moving average price of $344.77. Invesco QQQ Trust has a 12 month low of $260.11 and a 12 month high of $382.78.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 30th. Investors of record on Tuesday, June 22nd were issued a dividend of $0.397 per share. This represents a $1.59 dividend on an annualized basis and a dividend yield of 0.42%. This is a boost from Invesco QQQ Trust’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, June 21st.

Invesco QQQ Trust 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.

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

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