Invesco QQQ (NASDAQ:QQQ) Stake Boosted by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,705 shares of the exchange traded fund’s stock after purchasing an additional 191 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Invesco QQQ were worth $11,845,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Atwater Malick LLC acquired a new position in shares of Invesco QQQ in the 1st quarter valued at $293,000. Westwood Holdings Group Inc. grew its stake in shares of Invesco QQQ by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after buying an additional 1,993 shares in the last quarter. GenWealth Group Inc. increased its stake in shares of Invesco QQQ by 5.8% during the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after purchasing an additional 2,325 shares during the last quarter. Socha Financial Group LLC raised its holdings in Invesco QQQ by 1.3% during the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after buying an additional 1,153 shares in the last quarter. Finally, SVB Wealth LLC grew its holdings in Invesco QQQ by 15.2% during the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after purchasing an additional 2,453 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.4 %

Invesco QQQ stock opened at $475.34 on Monday. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52. The business’s 50-day simple moving average is $470.09 and its 200-day simple moving average is $457.36.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were paid a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.64%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th.

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.