Invesco QQQ $QQQ Shares Purchased by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. raised its stake in Invesco QQQ (NASDAQ:QQQ) by 16.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 23,507 shares of the exchange traded fund’s stock after acquiring an additional 3,272 shares during the period. Invesco QQQ makes up 2.1% of Newbridge Financial Services Group Inc.’s investment portfolio, making the stock its 9th largest position. Newbridge Financial Services Group Inc.’s holdings in Invesco QQQ were worth $12,967,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Morgan Dempsey Capital Management LLC acquired a new stake in Invesco QQQ during the 2nd quarter worth $30,000. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ during the second quarter worth about $41,000. Moser Wealth Advisors LLC lifted its holdings in shares of Invesco QQQ by 930.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 93 shares during the last quarter. Ransom Advisory Ltd purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at about $70,000. Finally, Barrett & Company Inc. boosted its position in shares of Invesco QQQ by 14.9% in the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.9%

QQQ opened at $613.62 on Friday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01. The business’s 50 day moving average is $613.64 and its two-hundred day moving average is $580.58.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were issued a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd. This is a positive change 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.