Invesco QQQ $QQQ Shares Purchased by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 18.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,346 shares of the exchange traded fund’s stock after purchasing an additional 850 shares during the quarter. Invesco QQQ accounts for approximately 1.1% of Samalin Investment Counsel LLC’s portfolio, making the stock its 13th largest position. Samalin Investment Counsel LLC’s holdings in Invesco QQQ were worth $3,209,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Morgan Dempsey Capital Management LLC acquired a new position in Invesco QQQ during the 2nd quarter worth about $30,000. Navigoe LLC increased its stake in Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 45 shares during the period. PayPay Securities Corp lifted its position in shares of Invesco QQQ by 78.9% during the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 30 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the third quarter worth about $42,000. Finally, Moser Wealth Advisors LLC boosted its stake in shares of Invesco QQQ by 930.0% in the second 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 period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $608.06 on Wednesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01. The company has a 50 day moving average price of $616.09 and a 200 day moving average price of $596.90.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a $0.7941 dividend. The ex-dividend date was Monday, December 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a dividend yield of 0.5%.

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.