Invesco QQQ Trust (NASDAQ:QQQ) Shares Purchased by SignalPoint Asset Management LLC

SignalPoint Asset Management LLC increased its stake in shares of Invesco QQQ Trust (NASDAQ:QQQGet Rating) by 14.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,990 shares of the exchange traded fund’s stock after purchasing an additional 909 shares during the period. Invesco QQQ Trust accounts for approximately 0.8% of SignalPoint Asset Management LLC’s investment portfolio, making the stock its 27th biggest position. SignalPoint Asset Management LLC’s holdings in Invesco QQQ Trust were worth $2,534,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Avantax Planning Partners Inc. raised its position in shares of Invesco QQQ Trust by 7.8% during the 1st quarter. Avantax Planning Partners Inc. now owns 11,478 shares of the exchange traded fund’s stock worth $4,161,000 after purchasing an additional 826 shares during the last quarter. Wealthspire Advisors LLC raised its holdings in Invesco QQQ Trust by 54.9% in the 1st quarter. Wealthspire Advisors LLC now owns 19,842 shares of the exchange traded fund’s stock valued at $7,193,000 after acquiring an additional 7,029 shares during the last quarter. Fort Sheridan Advisors LLC raised its holdings in Invesco QQQ Trust by 10.9% in the 1st quarter. Fort Sheridan Advisors LLC now owns 3,064 shares of the exchange traded fund’s stock valued at $1,111,000 after acquiring an additional 301 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in Invesco QQQ Trust by 0.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 21,248 shares of the exchange traded fund’s stock valued at $7,703,000 after acquiring an additional 84 shares during the last quarter. Finally, Lake Street Financial LLC raised its holdings in Invesco QQQ Trust by 12.5% in the 1st quarter. Lake Street Financial LLC now owns 31,339 shares of the exchange traded fund’s stock valued at $11,362,000 after acquiring an additional 3,494 shares during the last quarter. Institutional investors and hedge funds own 42.74% of the company’s stock.

Invesco QQQ Trust Stock Down 0.8 %

QQQ stock traded down $2.65 during mid-day trading on Friday, reaching $321.75. The company’s stock had a trading volume of 53,893,972 shares, compared to its average volume of 56,372,556. Invesco QQQ Trust has a fifty-two week low of $269.28 and a fifty-two week high of $408.71. The company’s 50 day moving average is $295.77 and its two-hundred day moving average is $322.51.

Invesco QQQ Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Wednesday, June 22nd were issued a $0.527 dividend. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.43. The ex-dividend date was Tuesday, June 21st. This represents a $2.11 dividend on an annualized basis and a yield of 0.66%.

About Invesco QQQ Trust

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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.

Further Reading

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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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