Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Seaview Investment Managers LLC

Seaview Investment Managers LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 0.5% in the second quarter, HoldingsChannel reports. The firm owned 31,512 shares of the exchange traded fund’s stock after buying an additional 144 shares during the period. Invesco QQQ makes up about 4.5% of Seaview Investment Managers LLC’s portfolio, making the stock its 2nd largest position. Seaview Investment Managers LLC’s holdings in Invesco QQQ were worth $15,098,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of QQQ. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ in the first quarter worth $28,000. Deane Retirement Strategies Inc. acquired a new position in shares of Invesco QQQ during the first quarter valued at about $29,000. Mechanics Financial Corp acquired a new position in shares of Invesco QQQ during the second quarter valued at about $30,000. Legacy Bridge LLC grew its holdings in shares of Invesco QQQ by 800.0% during the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 64 shares during the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new position in shares of Invesco QQQ during the fourth quarter valued at about $35,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.3 %

Shares of NASDAQ QQQ opened at $454.46 on Tuesday. The company has a 50-day moving average price of $471.88 and a 200-day moving average price of $456.44. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were issued a dividend of $0.7615 per share. The ex-dividend date was Monday, June 24th. 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 0.67%.

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.