Firestone Capital Management Increases Stock Position in Invesco QQQ $QQQ

Firestone Capital Management increased its position in Invesco QQQ (NASDAQ:QQQ) by 13.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,468 shares of the exchange traded fund’s stock after buying an additional 179 shares during the quarter. Firestone Capital Management’s holdings in Invesco QQQ were worth $810,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Morgan Dempsey Capital Management LLC acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at about $30,000. Marshall & Sullivan Inc. WA purchased a new position in Invesco QQQ in the second quarter valued at approximately $41,000. Moser Wealth Advisors LLC lifted its position in Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 93 shares in the last quarter. Blume Capital Management Inc. grew its stake 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 buying an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC grew its stake 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 buying an additional 120 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $608.86 on Friday. The company’s fifty day simple moving average is $605.86 and its 200-day simple moving average is $565.19. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were paid a dividend of $0.694 per share. This is a boost 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 was 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.