Montag A & Associates Inc. Purchases 1,109 Shares of Invesco QQQ $QQQ

Montag A & Associates Inc. raised its position in Invesco QQQ (NASDAQ:QQQ) by 17.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,452 shares of the exchange traded fund’s stock after acquiring an additional 1,109 shares during the quarter. Montag A & Associates Inc.’s holdings in Invesco QQQ were worth $4,115,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares in the last quarter. Wealth Group Ltd. lifted its stake in shares of Invesco QQQ by 305.2% in the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after purchasing an additional 4,835 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Invesco QQQ by 7.7% during the first quarter. Bank of New York Mellon Corp now owns 99,906 shares of the exchange traded fund’s stock valued at $46,848,000 after purchasing an additional 7,147 shares in the last quarter. Finally, Marks Group Wealth Management Inc grew its stake in Invesco QQQ by 2.5% in the first quarter. Marks Group Wealth Management Inc now owns 1,617 shares of the exchange traded fund’s stock worth $758,000 after purchasing an additional 40 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 2.2%

QQQ opened at $623.23 on Tuesday. The stock has a fifty day simple moving average of $602.40 and a two-hundred day simple moving average of $561.85. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were paid a $0.694 dividend. This represents a $2.78 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.