Invesco QQQ (NASDAQ:QQQ) Holdings Increased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 10.2% during the second quarter, HoldingsChannel.com reports. The firm owned 2,241,509 shares of the exchange traded fund’s stock after purchasing an additional 206,608 shares during the period. Invesco QQQ makes up approximately 1.5% of Raymond James Financial Services Advisors Inc.’s holdings, making the stock its 7th largest holding. Raymond James Financial Services Advisors Inc.’s holdings in Invesco QQQ were worth $1,073,929,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Brand Asset Management Group Inc. boosted its position in Invesco QQQ by 26.8% during the second quarter. Brand Asset Management Group Inc. now owns 1,183 shares of the exchange traded fund’s stock worth $567,000 after purchasing an additional 250 shares in the last quarter. Apollon Financial LLC boosted its position in Invesco QQQ by 1.6% during the second quarter. Apollon Financial LLC now owns 6,071 shares of the exchange traded fund’s stock worth $2,909,000 after purchasing an additional 97 shares in the last quarter. Means Investment CO. Inc. boosted its position in Invesco QQQ by 12.2% during the second quarter. Means Investment CO. Inc. now owns 2,422 shares of the exchange traded fund’s stock worth $1,161,000 after purchasing an additional 263 shares in the last quarter. Platte River Wealth Advisors LLC boosted its position in Invesco QQQ by 0.3% during the second quarter. Platte River Wealth Advisors LLC now owns 26,506 shares of the exchange traded fund’s stock worth $12,699,000 after purchasing an additional 83 shares in the last quarter. Finally, Meridian Investment Counsel Inc. boosted its position in Invesco QQQ by 317.5% during the second quarter. Meridian Investment Counsel Inc. now owns 5,252 shares of the exchange traded fund’s stock worth $2,516,000 after purchasing an additional 3,994 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock traded up $6.24 during mid-day trading on Monday, reaching $481.27. 23,104,023 shares of the company’s stock were exchanged, compared to its average volume of 40,921,672. The stock’s 50 day moving average is $474.69 and its 200 day moving average is $452.36. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were given a dividend of $0.7615 per share. The ex-dividend date was Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a yield of 0.63%. 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.