Ceera Investments LLC Acquires 564 Shares of Invesco QQQ (NASDAQ:QQQ)

Ceera Investments LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 62.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,465 shares of the exchange traded fund’s stock after buying an additional 564 shares during the quarter. Ceera Investments LLC’s holdings in Invesco QQQ were worth $702,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Prospect Financial Services LLC increased its holdings in Invesco QQQ by 0.3% in the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after buying an additional 21 shares during the last quarter. Sweeney & Michel LLC increased its holdings in shares of Invesco QQQ by 4.0% in the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock valued at $286,000 after acquiring an additional 22 shares during the last quarter. Family Firm Inc. raised its position in shares of Invesco QQQ by 3.1% during the 2nd quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock worth $354,000 after acquiring an additional 22 shares in the last quarter. Summit X LLC lifted its stake in Invesco QQQ by 0.4% during the fourth quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock worth $2,451,000 after purchasing an additional 24 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. boosted its holdings in Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 24 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.7 %

QQQ stock traded down $12.35 during midday trading on Friday, reaching $448.69. 50,624,385 shares of the company were exchanged, compared to its average volume of 40,492,672. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52. The stock’s 50-day simple moving average is $472.43 and its 200 day simple moving average is $455.91.

Invesco QQQ Increases Dividend

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