DAVENPORT & Co LLC Grows Position in Invesco QQQ $QQQ

DAVENPORT & Co LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 7.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,142 shares of the exchange traded fund’s stock after buying an additional 1,534 shares during the period. DAVENPORT & Co LLC’s holdings in Invesco QQQ were worth $12,766,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its stake in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after purchasing an additional 4,989 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after buying an additional 176 shares during the last quarter. Wealth Group Ltd. boosted its stake in shares of Invesco QQQ by 305.2% during the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after buying an additional 4,835 shares during the period. OLD National Bancorp IN grew its holdings in shares of Invesco QQQ by 7.1% during the first quarter. OLD National Bancorp IN now owns 4,036 shares of the exchange traded fund’s stock worth $1,893,000 after buying an additional 266 shares during the last quarter. Finally, Capital Investment Advisors LLC increased its position in Invesco QQQ by 22.0% in the 1st quarter. Capital Investment Advisors LLC now owns 19,250 shares of the exchange traded fund’s stock valued at $9,027,000 after acquiring an additional 3,473 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $607.71 on Tuesday. The business has a 50 day simple moving average of $580.65 and a 200-day simple moving average of $533.42. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $609.36.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a $0.694 dividend. The ex-dividend date is Monday, September 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%.

Invesco QQQ Company 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.