Toews Corp ADV Takes $220,000 Position in Invesco QQQ $QQQ

Toews Corp ADV purchased a new stake in Invesco QQQ (NASDAQ:QQQ – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 398 shares of the exchange traded fund’s stock, valued at approximately $220,000. Invesco QQQ makes up 0.0% of Toews Corp ADV’s holdings, making the stock its 15th biggest position.

Other hedge funds have also made changes to their positions in the company. Marshall & Sullivan Inc. WA purchased a new position in shares of Invesco QQQ in the second quarter valued at $41,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ during the 1st quarter worth about $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ during the 1st quarter worth about $51,000. Blume Capital Management Inc. increased its position in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC increased its position in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.7%

Invesco QQQ stock opened at $602.22 on Thursday. The stock has a 50-day moving average price of $586.10 and a 200 day moving average price of $538.48. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $613.18.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59.

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.

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