Mustard Seed Financial LLC Takes $227,000 Position in Invesco QQQ $QQQ

Mustard Seed Financial LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 412 shares of the exchange traded fund’s stock, valued at approximately $227,000.

Other large investors have also made changes to their positions in the company. Marshall & Sullivan Inc. WA bought a new stake in Invesco QQQ in the second quarter valued at about $41,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ in the first quarter valued at about $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ in the first quarter valued at about $51,000. Blume Capital Management Inc. increased its holdings in Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC increased its holdings in Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.4%

NASDAQ QQQ opened at $595.97 on Monday. The stock has a 50-day simple moving average of $576.04 and a 200 day simple moving average of $528.24. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $602.87.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a dividend of $0.694 per share. 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 dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd.

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.