Stonebridge Financial Group LLC Has $2.43 Million Stock Position in Invesco QQQ $QQQ

Stonebridge Financial Group LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 2.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,403 shares of the exchange traded fund’s stock after purchasing an additional 111 shares during the period. Stonebridge Financial Group LLC’s holdings in Invesco QQQ were worth $2,429,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of QQQ. Marshall & Sullivan Inc. WA acquired a new stake in Invesco QQQ in the 2nd quarter valued at about $41,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the 1st quarter valued at about $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ in the 1st quarter valued at about $51,000. Blume Capital Management Inc. lifted its position in Invesco QQQ by 105.0% during the first 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 lifted its position in Invesco QQQ by 3,000.0% during the first 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 and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $589.55 on Friday. The firm has a 50 day moving average price of $583.89 and a two-hundred day moving average price of $535.94. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $613.18.

Invesco QQQ Increases Dividend

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

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.