Consolidated Investment Group LLC Grows Stock Position in Invesco QQQ $QQQ

Consolidated Investment Group LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 307,000 shares of the exchange traded fund’s stock after purchasing an additional 3,500 shares during the quarter. Invesco QQQ accounts for about 22.7% of Consolidated Investment Group LLC’s holdings, making the stock its largest position. Consolidated Investment Group LLC’s holdings in Invesco QQQ were worth $169,353,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ during the 2nd quarter valued at $41,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ in the 1st quarter worth about $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ in the 1st quarter worth about $51,000. Blume Capital Management Inc. increased its stake in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC increased its stake in Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 120 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $603.18 on Friday. The stock’s 50-day simple moving average is $579.85 and its two-hundred day simple moving average is $532.17. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $607.33.

Invesco QQQ Increases Dividend

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

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.