Integral Investment Advisors Inc. Raises Stock Position in Invesco QQQ $QQQ

Integral Investment Advisors Inc. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 3.3% in the third quarter, HoldingsChannel.com reports. The fund owned 25,444 shares of the exchange traded fund’s stock after acquiring an additional 808 shares during the quarter. Invesco QQQ accounts for approximately 4.1% of Integral Investment Advisors Inc.’s portfolio, making the stock its 2nd largest position. Integral Investment Advisors Inc.’s holdings in Invesco QQQ were worth $15,276,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. Morgan Dempsey Capital Management LLC purchased a new position in shares of Invesco QQQ during the 2nd quarter valued at about $30,000. Navigoe LLC grew its position in Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 45 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new position in Invesco QQQ during the second quarter valued at approximately $41,000. PayPay Securities Corp raised its stake in shares of Invesco QQQ by 78.9% during the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 30 shares in the last quarter. Finally, Moser Wealth Advisors LLC lifted its holdings in shares of Invesco QQQ by 930.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 93 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Up 1.0%

QQQ stock opened at $623.86 on Wednesday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01. The firm’s fifty day moving average is $616.39 and its 200 day moving average is $591.63.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a dividend of $0.7941 per share. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, December 22nd.

Invesco QQQ Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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