Invesco QQQ Trust (NASDAQ:QQQ) Shares Purchased by Tranquilli Financial Advisor LLC

Tranquilli Financial Advisor LLC grew its stake in shares of Invesco QQQ Trust (NASDAQ:QQQGet Rating) by 24.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,963 shares of the exchange traded fund’s stock after acquiring an additional 2,719 shares during the period. Invesco QQQ Trust accounts for 3.6% of Tranquilli Financial Advisor LLC’s holdings, making the stock its 6th largest position. Tranquilli Financial Advisor LLC’s holdings in Invesco QQQ Trust were worth $5,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. CarsonAllaria Wealth Management Ltd. bought a new position in Invesco QQQ Trust in the fourth quarter valued at approximately $29,000. Dravo Bay LLC acquired a new position in Invesco QQQ Trust in the first quarter valued at $32,000. William Allan LLC acquired a new position in Invesco QQQ Trust in the fourth quarter valued at $36,000. Arcadia Investment Management Corp MI acquired a new position in Invesco QQQ Trust in the first quarter valued at $36,000. Finally, Capital Management Associates NY acquired a new position in Invesco QQQ Trust in the first quarter valued at $36,000. 41.46% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trust Stock Up 0.5 %

QQQ opened at $300.52 on Friday. Invesco QQQ Trust has a 1-year low of $269.28 and a 1-year high of $408.71. The company has a fifty day moving average price of $306.36 and a two-hundred day moving average price of $315.73.

Invesco QQQ Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Wednesday, June 22nd were given a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 0.70%. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.43. The ex-dividend date was Tuesday, June 21st.

About Invesco QQQ Trust

(Get Rating)

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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