Vantage Financial Partners LLC Buys 1,315 Shares of Invesco QQQ (NASDAQ:QQQ)

Vantage Financial Partners LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 4.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,119 shares of the exchange traded fund’s stock after buying an additional 1,315 shares during the quarter. Invesco QQQ comprises 3.9% of Vantage Financial Partners LLC’s portfolio, making the stock its 7th largest position. Vantage Financial Partners LLC’s holdings in Invesco QQQ were worth $14,909,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. New Covenant Trust Company N.A. purchased a new stake in shares of Invesco QQQ during the first quarter valued at approximately $28,000. Deane Retirement Strategies Inc. purchased a new stake in Invesco QQQ during the 1st quarter worth $29,000. Mechanics Financial Corp acquired a new position in Invesco QQQ in the 2nd quarter worth $30,000. Legacy Bridge LLC boosted its position in Invesco QQQ by 800.0% in the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 64 shares during the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco QQQ during the fourth quarter valued at about $35,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $456.30 on Tuesday. The stock has a 50-day moving average price of $471.88 and a 200 day moving average price of $456.44. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were paid a dividend of $0.7615 per share. The ex-dividend date was Monday, June 24th. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.67%.

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.