Objective Capital Management LLC Acquires 911 Shares of Invesco QQQ $QQQ

Objective Capital Management LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 10.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,058 shares of the exchange traded fund’s stock after acquiring an additional 911 shares during the quarter. Invesco QQQ comprises about 6.2% of Objective Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding. Objective Capital Management LLC’s holdings in Invesco QQQ were worth $5,548,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of QQQ. Morgan Dempsey Capital Management LLC bought a new position in shares of Invesco QQQ during the second quarter worth approximately $30,000. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ in the second quarter valued at approximately $41,000. Moser Wealth Advisors LLC grew its position in Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 93 shares in the last quarter. Ransom Advisory Ltd bought a new position in Invesco QQQ during the 1st quarter worth $70,000. Finally, Barrett & Company Inc. increased its stake in Invesco QQQ by 14.9% during the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock worth $85,000 after acquiring an additional 20 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.3%

NASDAQ:QQQ opened at $625.58 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01. The stock has a fifty day moving average price of $613.43 and a 200-day moving average price of $579.44.

Invesco QQQ Increases Dividend

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

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.