Mainsail Financial Group LLC Acquires 156 Shares of Invesco QQQ (NASDAQ:QQQ)

Mainsail Financial Group LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,983 shares of the exchange traded fund’s stock after acquiring an additional 156 shares during the period. Invesco QQQ makes up approximately 1.5% of Mainsail Financial Group LLC’s investment portfolio, making the stock its 24th largest holding. Mainsail Financial Group LLC’s holdings in Invesco QQQ were worth $2,213,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Atwater Malick LLC bought a new stake in Invesco QQQ during the first quarter worth about $293,000. Bank Hapoalim BM raised its holdings in Invesco QQQ by 6.3% during the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after acquiring an additional 4,549 shares in the last quarter. Aviance Capital Partners LLC raised its holdings in Invesco QQQ by 29.7% during the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock worth $1,848,000 after acquiring an additional 1,033 shares in the last quarter. GenWealth Group Inc. raised its holdings in Invesco QQQ by 5.8% during the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after acquiring an additional 2,325 shares in the last quarter. Finally, VitalStone Financial LLC raised its holdings in Invesco QQQ by 302.0% during the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock worth $8,099,000 after acquiring an additional 16,079 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.8 %

QQQ opened at $491.04 on Friday. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $491.17. The business’s 50-day simple moving average is $458.64 and its 200 day simple moving average is $438.27.

Invesco QQQ Increases Dividend

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

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.