LS Investment Advisors LLC Grows Stock Holdings in Invesco QQQ Trust (NASDAQ:QQQ)

LS Investment Advisors LLC grew its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 2.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,026 shares of the exchange traded fund’s stock after buying an additional 50 shares during the quarter. LS Investment Advisors LLC’s holdings in Invesco QQQ Trust were worth $718,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QQQ. Investors Research Corp lifted its position in shares of Invesco QQQ Trust by 126.5% during the second quarter. Investors Research Corp now owns 77 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 43 shares in the last quarter. Annapolis Financial Services LLC lifted its position in shares of Invesco QQQ Trust by 31.0% during the second quarter. Annapolis Financial Services LLC now owns 131 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 31 shares in the last quarter. Logan Capital Management Inc. acquired a new position in shares of Invesco QQQ Trust during the first quarter worth $44,000. Moisand Fitzgerald Tamayo LLC lifted its position in shares of Invesco QQQ Trust by 563.6% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 146 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 124 shares in the last quarter. Finally, Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Invesco QQQ Trust during the first quarter worth $48,000. Institutional investors own 44.18% of the company’s stock.

Shares of NASDAQ QQQ traded up $2.11 during trading on Wednesday, reaching $368.26. 657,822 shares of the stock were exchanged, compared to its average volume of 41,995,016. The business’s 50-day moving average price is $370.18 and its 200 day moving average price is $346.87. Invesco QQQ Trust has a twelve month low of $261.22 and a twelve month high of $382.78.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 29th. Investors of record on Tuesday, September 21st will be issued a $0.414 dividend. The ex-dividend date is Monday, September 20th. This is a boost from Invesco QQQ Trust’s previous quarterly dividend of $0.40. This represents a $1.66 annualized dividend and a yield of 0.45%.

Invesco QQQ Trust 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.

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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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