Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Kozak & Associates Inc.

Kozak & Associates Inc. raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.2% during the 2nd quarter, Holdings Channel reports. The fund owned 89,913 shares of the exchange traded fund’s stock after purchasing an additional 147 shares during the period. Invesco QQQ makes up approximately 13.4% of Kozak & Associates Inc.’s portfolio, making the stock its 2nd largest holding. Kozak & Associates Inc.’s holdings in Invesco QQQ were worth $33,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Physician Wealth Advisors Inc. raised its stake in Invesco QQQ by 20.1% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 3,239 shares of the exchange traded fund’s stock valued at $1,199,000 after acquiring an additional 543 shares in the last quarter. Cedar Brook Financial Partners LLC raised its stake in Invesco QQQ by 0.3% during the 2nd quarter. Cedar Brook Financial Partners LLC now owns 26,301 shares of the exchange traded fund’s stock valued at $9,716,000 after acquiring an additional 82 shares in the last quarter. Global Wealth Strategies & Associates raised its stake in shares of Invesco QQQ by 2.4% in the 2nd quarter. Global Wealth Strategies & Associates now owns 21,939 shares of the exchange traded fund’s stock worth $8,105,000 after buying an additional 505 shares in the last quarter. Park National Corp OH lifted its holdings in shares of Invesco QQQ by 64.8% in the second quarter. Park National Corp OH now owns 2,608 shares of the exchange traded fund’s stock valued at $963,000 after buying an additional 1,025 shares during the period. Finally, Narus Financial Partners LLC bought a new position in Invesco QQQ during the first quarter valued at about $290,000. Institutional investors own 43.95% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock traded up $0.59 during midday trading on Thursday, hitting $374.80. The company’s stock had a trading volume of 9,159,968 shares, compared to its average volume of 53,394,234. Invesco QQQ has a 12 month low of $254.26 and a 12 month high of $387.98. The stock’s 50-day moving average price is $372.83 and its 200-day moving average price is $347.29.

Invesco QQQ Announces Dividend

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

Invesco QQQ 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.