Atomi Financial Group Inc. Makes New $1.68 Million Investment in Invesco QQQ (NASDAQ:QQQ)

Atomi Financial Group Inc. purchased a new stake in Invesco QQQ (NASDAQ:QQQ) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,243 shares of the exchange traded fund’s stock, valued at approximately $1,683,000. Invesco QQQ accounts for about 0.9% of Atomi Financial Group Inc.’s holdings, making the stock its 22nd largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Berkshire Asset Management LLC PA bought a new stake in Invesco QQQ in the first quarter worth approximately $650,000. Level Four Advisory Services LLC boosted its stake in Invesco QQQ by 1.3% during the first quarter. Level Four Advisory Services LLC now owns 126,656 shares of the exchange traded fund’s stock worth $40,648,000 after acquiring an additional 1,642 shares in the last quarter. Golden State Equity Partners bought a new stake in Invesco QQQ in the first quarter valued at $533,000. BKA Wealth Consulting Inc. acquired a new position in shares of Invesco QQQ during the first quarter valued at about $2,216,000. Finally, Fortis Group Advisors LLC bought a new position in shares of Invesco QQQ during the 1st quarter worth about $774,000. 43.95% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.4 %

Shares of Invesco QQQ stock opened at $374.21 on Thursday. Invesco QQQ has a one year low of $254.26 and a one year high of $387.98. The business has a 50-day simple moving average of $372.83 and a 200 day simple moving average of $347.29.

Invesco QQQ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Wednesday, June 21st were given a $0.504 dividend. This represents a $2.02 annualized dividend and a yield of 0.54%. The ex-dividend date was Tuesday, June 20th.

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.