Invesco QQQ (NASDAQ:QQQ) Stock Holdings Raised by Allen Investment Management LLC

Allen Investment Management LLC raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 76.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 60,024 shares of the exchange traded fund's stock after purchasing an additional 26,081 shares during the period. Allen Investment Management LLC's holdings in Invesco QQQ were worth $26,651,000 as of its most recent SEC filing.

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Several other hedge funds and other institutional investors also recently modified their holdings of QQQ. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $3,577,000. Deutsche Bank AG grew its position in shares of Invesco QQQ by 918.2% during the 3rd quarter. Deutsche Bank AG now owns 52,224 shares of the exchange traded fund's stock valued at $18,710,000 after buying an additional 47,095 shares during the last quarter. Wellington Management Group LLP boosted its stake in Invesco QQQ by 6.3% during the 3rd quarter. Wellington Management Group LLP now owns 23,796 shares of the exchange traded fund's stock valued at $8,525,000 after purchasing an additional 1,406 shares during the period. Tucker Asset Management LLC boosted its stake in Invesco QQQ by 23.5% during the 3rd quarter. Tucker Asset Management LLC now owns 49,192 shares of the exchange traded fund's stock valued at $17,624,000 after purchasing an additional 9,351 shares during the period. Finally, Palladiem LLC acquired a new position in Invesco QQQ during the 3rd quarter valued at about $2,320,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.6 %

Invesco QQQ stock traded up $2.89 during midday trading on Friday, reaching $494.82. 37,109,399 shares of the stock traded hands, compared to its average volume of 26,653,172. The firm has a fifty day moving average price of $468.15 and a two-hundred day moving average price of $442.36. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Increases Dividend

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The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be paid a $0.7615 dividend. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Monday, June 24th.

Invesco QQQ Company 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.

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