McAlister Sweet & Associates Inc. Has $1.06 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

McAlister Sweet & Associates Inc. increased its position in Invesco QQQ (NASDAQ:QQQ) by 60.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,874 shares of the exchange traded fund’s stock after buying an additional 1,085 shares during the period. Invesco QQQ accounts for approximately 0.9% of McAlister Sweet & Associates Inc.’s investment portfolio, making the stock its 19th biggest holding. McAlister Sweet & Associates Inc.’s holdings in Invesco QQQ were worth $1,062,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barrett & Company Inc. purchased a new stake in Invesco QQQ in the first quarter worth $26,000. Cascade Investment Advisors Inc. purchased a new position in shares of Invesco QQQ in the first quarter worth about $28,000. Elequin Securities LLC bought a new stake in shares of Invesco QQQ in the first quarter valued at approximately $47,000. Clear Investment Research LLC lifted its stake in shares of Invesco QQQ by 71.7% during the 1st quarter. Clear Investment Research LLC now owns 158 shares of the exchange traded fund’s stock valued at $51,000 after buying an additional 66 shares in the last quarter. Finally, Bbjs Financial Advisors LLC bought a new position in Invesco QQQ in the 4th quarter worth approximately $55,000. Institutional investors own 43.95% of the company’s stock.

Invesco QQQ Trading Up 0.8 %

QQQ stock traded up $3.12 during midday trading on Thursday, reaching $377.33. 18,193,418 shares of the company’s stock traded hands, compared to its average volume of 53,439,227. Invesco QQQ has a 52 week low of $254.26 and a 52 week high of $387.98. The company has a 50-day moving average price of $372.83 and a two-hundred day moving average price of $347.29.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Wednesday, June 21st were issued a dividend of $0.504 per share. The ex-dividend date was Tuesday, June 20th. This represents a $2.02 dividend on an annualized basis and a yield of 0.53%.

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.