Johnson Investment Counsel Inc. Boosts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Johnson Investment Counsel Inc. grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 19.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,143 shares of the exchange traded fund’s stock after buying an additional 5,920 shares during the period. Johnson Investment Counsel Inc.’s holdings in Invesco QQQ were worth $13,721,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in QQQ. Ironwood Wealth Management LLC. lifted its holdings in Invesco QQQ by 7.4% during the 1st quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock worth $1,996,000 after purchasing an additional 381 shares in the last quarter. Axiom Financial Strategies LLC increased its stake in Invesco QQQ by 11.6% in the 1st quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock worth $255,000 after acquiring an additional 85 shares during the last quarter. Roundview Capital LLC increased its stake in Invesco QQQ by 0.9% in the 1st quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock worth $19,332,000 after acquiring an additional 495 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Invesco QQQ by 11.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock valued at $997,000 after purchasing an additional 278 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of Invesco QQQ by 309.2% during the 1st quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock valued at $162,000 after purchasing an additional 337 shares during the last quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded up $0.09 during trading on Friday, hitting $386.04. 46,622,745 shares of the stock traded hands, compared to its average volume of 55,626,508. The firm’s fifty day moving average is $365.20 and its 200-day moving average is $362.91. Invesco QQQ has a 52 week low of $259.73 and a 52 week high of $387.98.

Invesco QQQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, September 19th were given a dividend of $0.5389 per share. The ex-dividend date was Monday, September 18th. This represents a $2.16 annualized dividend and a dividend yield of 0.56%.

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.