Cahill Financial Advisors Inc. Raises Stake in Invesco QQQ (NASDAQ:QQQ)

Cahill Financial Advisors Inc. raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,859 shares of the exchange traded fund’s stock after purchasing an additional 25 shares during the period. Cahill Financial Advisors Inc.’s holdings in Invesco QQQ were worth $891,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in QQQ. Global Assets Advisory LLC purchased a new position in shares of Invesco QQQ in the 1st quarter worth about $1,580,776,000. Steel Grove Capital Advisors LLC grew its holdings in shares of Invesco QQQ by 934.0% during the first 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 buying an additional 3,102,568 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings 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 buying an additional 2,762,571 shares during the last quarter. Granite Bay Wealth Management LLC raised its holdings in Invesco QQQ by 6,215.5% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after acquiring an additional 894,532 shares during the last quarter. Finally, Harvard Management Co. Inc. bought a new position in Invesco QQQ in the 1st quarter valued at approximately $304,591,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 2.7 %

Shares of QQQ opened at $448.69 on Monday. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52. The business’s fifty day simple moving average is $472.43 and its two-hundred day simple moving average is $456.33.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were given a dividend of $0.7615 per share. The ex-dividend date was Monday, June 24th. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.68%.

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.