GHP Investment Advisors Inc. Buys 111 Shares of Invesco QQQ (NASDAQ:QQQ)

GHP Investment Advisors Inc. lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,232 shares of the exchange traded fund’s stock after acquiring an additional 111 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Invesco QQQ were worth $1,549,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. Global Assets Advisory LLC acquired a new position in shares of Invesco QQQ in the first quarter valued at approximately $1,580,776,000. Steel Grove Capital Advisors LLC increased its position in Invesco QQQ by 934.0% in the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after acquiring an additional 3,102,568 shares during the period. Strategic Financial Concepts LLC raised its stake in shares of Invesco QQQ by 18,691.3% during the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after acquiring an additional 2,762,571 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Invesco QQQ by 2.6% during the second quarter. Commonwealth Equity Services LLC now owns 2,544,540 shares of the exchange traded fund’s stock worth $1,219,115,000 after purchasing an additional 64,401 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Invesco QQQ by 10.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,241,509 shares of the exchange traded fund’s stock worth $1,073,929,000 after purchasing an additional 206,608 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $475.34 on Friday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The stock has a fifty day simple moving average of $470.09 and a 200 day simple moving average of $457.20.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were paid a $0.7615 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Monday, June 24th. This represents a $3.05 annualized dividend and a dividend yield of 0.64%.

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.