Northern Capital Management Inc. Has $31.89 Million Holdings in Invesco QQQ $QQQ

Northern Capital Management Inc. decreased its position in Invesco QQQ (NASDAQ:QQQ) by 1.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 57,800 shares of the exchange traded fund’s stock after selling 867 shares during the period. Invesco QQQ makes up approximately 18.8% of Northern Capital Management Inc.’s investment portfolio, making the stock its 2nd largest position. Northern Capital Management Inc.’s holdings in Invesco QQQ were worth $31,885,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Signature Estate & Investment Advisors LLC grew its position in Invesco QQQ by 1.9% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 28,903 shares of the exchange traded fund’s stock worth $15,944,000 after purchasing an additional 535 shares during the last quarter. First National Bank of Hutchinson bought a new position in Invesco QQQ in the 2nd quarter worth about $207,000. Quotient Wealth Partners LLC grew its position in Invesco QQQ by 26.1% in the 2nd quarter. Quotient Wealth Partners LLC now owns 1,814 shares of the exchange traded fund’s stock worth $1,001,000 after purchasing an additional 375 shares during the last quarter. Aspiriant LLC lifted its stake in shares of Invesco QQQ by 22.5% in the 2nd quarter. Aspiriant LLC now owns 7,219 shares of the exchange traded fund’s stock worth $3,982,000 after acquiring an additional 1,326 shares during the period. Finally, MPS Loria Financial Planners LLC lifted its stake in shares of Invesco QQQ by 3.3% in the 2nd quarter. MPS Loria Financial Planners LLC now owns 2,804 shares of the exchange traded fund’s stock worth $1,547,000 after acquiring an additional 90 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7%

Shares of NASDAQ:QQQ opened at $603.93 on Friday. The company has a 50 day moving average of $587.30 and a 200-day moving average of $540.73. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $613.18.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend 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.