SevenBridge Financial Group LLC Buys Shares of 610 Invesco QQQ Trust (NASDAQ:QQQ)

SevenBridge Financial Group LLC bought a new stake in Invesco QQQ Trust (NASDAQ:QQQ) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 610 shares of the exchange traded fund’s stock, valued at approximately $114,000.

A number of other institutional investors also recently modified their holdings of the business. E&G Advisors LP increased its stake in shares of Invesco QQQ Trust by 13.2% during the 2nd quarter. E&G Advisors LP now owns 3,425 shares of the exchange traded fund’s stock worth $640,000 after purchasing an additional 400 shares in the last quarter. Northstar Group Inc. purchased a new position in shares of Invesco QQQ Trust during the 2nd quarter worth approximately $300,000. Clark Capital Management Group Inc. increased its stake in shares of Invesco QQQ Trust by 44.4% during the 2nd quarter. Clark Capital Management Group Inc. now owns 3,508 shares of the exchange traded fund’s stock worth $655,000 after purchasing an additional 1,079 shares in the last quarter. Butensky & Cohen Financial Security Inc. increased its stake in shares of Invesco QQQ Trust by 1.8% during the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 5,829 shares of the exchange traded fund’s stock worth $1,089,000 after purchasing an additional 102 shares in the last quarter. Finally, Jackson Wealth Management LLC increased its stake in shares of Invesco QQQ Trust by 3.7% during the 2nd quarter. Jackson Wealth Management LLC now owns 35,168 shares of the exchange traded fund’s stock worth $6,719,000 after purchasing an additional 1,248 shares in the last quarter. 41.54% of the stock is owned by institutional investors.

Shares of QQQ traded up $3.45 during mid-day trading on Thursday, reaching $194.55. 2,320,354 shares of the company’s stock were exchanged, compared to its average volume of 20,142,258. The stock’s 50-day simple moving average is $189.94. Invesco QQQ Trust has a 52-week low of $143.46 and a 52-week high of $195.55.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Tuesday, June 25th were paid a dividend of $0.416 per share. The ex-dividend date was Monday, June 24th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.86%.

Invesco QQQ Trust Company 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.

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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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