F&V Capital Management LLC Increases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

F&V Capital Management LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 19.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,273 shares of the exchange traded fund’s stock after buying an additional 533 shares during the quarter. F&V Capital Management LLC’s holdings in Invesco QQQ were worth $1,453,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of QQQ. Summit X LLC raised its position in Invesco QQQ by 0.4% in the 4th quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock valued at $2,451,000 after purchasing an additional 24 shares during the last quarter. IMA Wealth Inc. boosted its stake in shares of Invesco QQQ by 1.3% during the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after buying an additional 25 shares during the period. S.A. Mason LLC grew its holdings in shares of Invesco QQQ by 1.5% during the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after buying an additional 25 shares during the last quarter. Lauterbach Financial Advisors LLC increased its position in Invesco QQQ by 0.4% in the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after acquiring an additional 25 shares during the period. Finally, Cedrus LLC raised its stake in Invesco QQQ by 1.7% during the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.2 %

Shares of QQQ stock traded up $0.99 during midday trading on Wednesday, hitting $480.37. The company had a trading volume of 22,075,131 shares, compared to its average volume of 41,237,059. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $486.86. The company’s 50 day simple moving average is $451.31 and its 200 day simple moving average is $435.05.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be paid a $0.7615 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.63%. The ex-dividend date is 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.