Gryphon Financial Partners LLC Buys 796 Shares of Invesco QQQ (NASDAQ:QQQ)

Gryphon Financial Partners LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 33.7% during the second quarter, Holdings Channel.com reports. The firm owned 3,160 shares of the exchange traded fund’s stock after purchasing an additional 796 shares during the quarter. Gryphon Financial Partners LLC’s holdings in Invesco QQQ were worth $1,514,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Seaview Investment Managers LLC boosted its position in Invesco QQQ by 0.5% in the 2nd quarter. Seaview Investment Managers LLC now owns 31,512 shares of the exchange traded fund’s stock worth $15,098,000 after purchasing an additional 144 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its stake in shares of Invesco QQQ by 34.1% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 2,259 shares of the exchange traded fund’s stock worth $1,082,000 after acquiring an additional 574 shares during the last quarter. Balentine LLC increased its stake in shares of Invesco QQQ by 4.3% in the 2nd quarter. Balentine LLC now owns 2,994 shares of the exchange traded fund’s stock worth $1,434,000 after acquiring an additional 123 shares during the last quarter. US Bancorp DE increased its position in shares of Invesco QQQ by 9.4% during the 2nd quarter. US Bancorp DE now owns 1,370,862 shares of the exchange traded fund’s stock worth $656,796,000 after purchasing an additional 117,616 shares during the last quarter. Finally, Liberty Wealth Management LLC boosted its holdings in Invesco QQQ by 12,684.3% during the 2nd quarter. Liberty Wealth Management LLC now owns 324,978 shares of the exchange traded fund’s stock valued at $155,700,000 after acquiring an additional 322,436 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $456.30 on Tuesday. The business has a 50-day moving average of $471.88 and a 200 day moving average of $456.44. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52.

Invesco QQQ Increases Dividend

The firm 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 is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th. This represents a $3.05 annualized dividend and a yield of 0.67%.

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.