Grimes & Company Inc. Buys 203 Shares of Invesco QQQ (NASDAQ:QQQ)

Grimes & Company Inc. boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,206 shares of the exchange traded fund’s stock after acquiring an additional 203 shares during the period. Grimes & Company Inc.’s holdings in Invesco QQQ were worth $2,311,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Natixis Advisors L.P. boosted its holdings in shares of Invesco QQQ by 26.9% in the 3rd quarter. Natixis Advisors L.P. now owns 16,118 shares of the exchange traded fund’s stock valued at $5,775,000 after purchasing an additional 3,418 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in shares of Invesco QQQ by 2.2% in the 3rd quarter. Gotham Asset Management LLC now owns 5,403 shares of the exchange traded fund’s stock valued at $1,936,000 after purchasing an additional 115 shares in the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of Invesco QQQ by 0.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 21,289 shares of the exchange traded fund’s stock valued at $7,627,000 after purchasing an additional 62 shares in the last quarter. First Business Financial Services Inc. boosted its holdings in shares of Invesco QQQ by 36.2% in the 3rd quarter. First Business Financial Services Inc. now owns 895 shares of the exchange traded fund’s stock valued at $321,000 after purchasing an additional 238 shares in the last quarter. Finally, BOS Asset Management LLC acquired a new stake in shares of Invesco QQQ in the 3rd quarter valued at $349,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.5 %

Shares of QQQ stock opened at $479.11 on Friday. The stock’s fifty day moving average price is $454.85 and its two-hundred day moving average price is $436.54. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $487.20.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be issued a dividend of $0.7615 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 24th. This represents a $3.05 annualized dividend and a dividend yield of 0.64%.

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.