Albion Financial Group UT Buys 58 Shares of Invesco QQQ (NASDAQ:QQQ)

Albion Financial Group UT boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,797 shares of the exchange traded fund’s stock after purchasing an additional 58 shares during the period. Albion Financial Group UT’s holdings in Invesco QQQ were worth $9,678,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Gotham Asset Management LLC grew its position in Invesco QQQ by 2.2% during the third quarter. Gotham Asset Management LLC now owns 5,403 shares of the exchange traded fund’s stock valued at $1,936,000 after buying an additional 115 shares during the period. Lazard Asset Management LLC increased its stake in shares of Invesco QQQ by 46.2% in the 3rd quarter. Lazard Asset Management LLC now owns 16,155 shares of the exchange traded fund’s stock worth $5,787,000 after purchasing an additional 5,105 shares in the last quarter. Ellerson Group Inc. ADV raised its holdings in Invesco QQQ by 0.5% in the 3rd quarter. Ellerson Group Inc. ADV now owns 7,749 shares of the exchange traded fund’s stock worth $2,776,000 after purchasing an additional 39 shares during the period. Elevatus Welath Management lifted its position in Invesco QQQ by 120.5% during the third quarter. Elevatus Welath Management now owns 1,951 shares of the exchange traded fund’s stock valued at $699,000 after purchasing an additional 1,066 shares in the last quarter. Finally, EHP Funds Inc. grew its holdings in Invesco QQQ by 174.4% during the third quarter. EHP Funds Inc. now owns 69,700 shares of the exchange traded fund’s stock valued at $24,971,000 after purchasing an additional 44,300 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.8 %

NASDAQ QQQ opened at $491.04 on Thursday. The stock’s 50-day moving average price is $457.35 and its 200-day moving average price is $437.90. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $491.17.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be issued a dividend of $0.7615 per share. The ex-dividend date of this dividend is Monday, June 24th. This represents a $3.05 annualized dividend and a yield of 0.62%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

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.