Chris Bulman Inc Invests $4.53 Million in Invesco QQQ (NASDAQ:QQQ)

Chris Bulman Inc acquired a new stake in Invesco QQQ (NASDAQ:QQQ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,452 shares of the exchange traded fund’s stock, valued at approximately $4,528,000. Invesco QQQ accounts for about 3.1% of Chris Bulman Inc’s holdings, making the stock its 9th biggest holding.

A number of other large investors have also added to or reduced their stakes in QQQ. Vantage Financial Partners LLC lifted its holdings in Invesco QQQ by 68.0% during the 4th quarter. Vantage Financial Partners LLC now owns 29,550 shares of the exchange traded fund’s stock worth $12,101,000 after buying an additional 11,957 shares during the period. Concentrum Wealth Management raised its position in shares of Invesco QQQ by 15.4% during the fourth quarter. Concentrum Wealth Management now owns 14,662 shares of the exchange traded fund’s stock worth $6,004,000 after acquiring an additional 1,962 shares during the last quarter. Rollins Financial lifted its stake in shares of Invesco QQQ by 11.8% in the fourth quarter. Rollins Financial now owns 187,590 shares of the exchange traded fund’s stock worth $76,822,000 after acquiring an additional 19,785 shares during the period. Gryphon Financial Partners LLC boosted its holdings in Invesco QQQ by 30.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 3,047 shares of the exchange traded fund’s stock valued at $1,248,000 after acquiring an additional 706 shares during the last quarter. Finally, AGF Management Ltd. boosted its holdings in Invesco QQQ by 6.1% in the fourth quarter. AGF Management Ltd. now owns 15,739 shares of the exchange traded fund’s stock valued at $6,445,000 after acquiring an additional 898 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $448.69 on Friday. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52. The firm has a 50 day moving average price of $472.43 and a two-hundred day moving average price of $456.11.

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 dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

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.