Invesco QQQ (NASDAQ:QQQ) is Hudock Inc.’s 7th Largest Position

Hudock Inc. raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 564.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,395 shares of the exchange traded fund’s stock after buying an additional 36,016 shares during the quarter. Invesco QQQ comprises approximately 3.8% of Hudock Inc.’s portfolio, making the stock its 7th biggest position. Hudock Inc.’s holdings in Invesco QQQ were worth $20,312,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of QQQ. Global Assets Advisory LLC purchased a new position in Invesco QQQ in the 1st quarter worth approximately $1,580,776,000. Steel Grove Capital Advisors LLC grew its holdings in 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 worth $1,525,067,000 after acquiring an additional 3,102,568 shares during the period. Granite Bay Wealth Management LLC lifted its position in Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after buying an additional 894,532 shares in the last quarter. Harvard Management Co. Inc. acquired a new stake in shares of Invesco QQQ in the first quarter valued at $304,591,000. Finally, Mirae Asset Securities USA Inc. acquired a new position in shares of Invesco QQQ during the 2nd quarter worth about $215,600,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ traded down $0.20 on Thursday, reaching $460.41. The stock had a trading volume of 19,201,295 shares, compared to its average volume of 40,345,266. The firm has a 50-day moving average of $473.45 and a 200 day moving average of $455.75. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

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 issued a $0.7615 dividend. The ex-dividend date was Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a yield of 0.66%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57.

About Invesco QQQ

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.