Helium Advisors LLC Raises Stake in Invesco QQQ $QQQ

Helium Advisors LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 21.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,998 shares of the exchange traded fund’s stock after acquiring an additional 1,228 shares during the quarter. Invesco QQQ accounts for 2.4% of Helium Advisors LLC’s portfolio, making the stock its 9th largest holding. Helium Advisors LLC’s holdings in Invesco QQQ were worth $3,860,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after acquiring an additional 176 shares during the period. Nuveen LLC acquired a new position in Invesco QQQ in the 1st quarter valued at approximately $10,316,000. Russell Investments Group Ltd. raised its holdings in Invesco QQQ by 42.7% in the 1st quarter. Russell Investments Group Ltd. now owns 4,093 shares of the exchange traded fund’s stock valued at $1,919,000 after acquiring an additional 1,224 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. bought a new stake in shares of Invesco QQQ in the 1st quarter worth approximately $212,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $613.62 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The stock’s 50 day simple moving average is $613.64 and its 200-day simple moving average is $580.16.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were issued a $0.694 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.5%.

About Invesco QQQ

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.