Starfire Investment Advisers Inc. Takes Position in Invesco QQQ Trust (NASDAQ:QQQ)

Starfire Investment Advisers Inc. bought a new stake in Invesco QQQ Trust (NASDAQ:QQQ) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 56,583 shares of the exchange traded fund’s stock, valued at approximately $10,566,000. Invesco QQQ Trust makes up about 4.7% of Starfire Investment Advisers Inc.’s holdings, making the stock its 2nd biggest holding.

Other hedge funds also recently bought and sold shares of the company. Brandywine Oak Private Wealth LLC grew its stake in Invesco QQQ Trust by 4.7% during the 2nd quarter. Brandywine Oak Private Wealth LLC now owns 11,205 shares of the exchange traded fund’s stock valued at $2,092,000 after purchasing an additional 502 shares in the last quarter. Bellecapital International Ltd. acquired a new stake in Invesco QQQ Trust during the 2nd quarter valued at approximately $205,000. AE Wealth Management LLC grew its stake in Invesco QQQ Trust by 86.7% during the 2nd quarter. AE Wealth Management LLC now owns 155,861 shares of the exchange traded fund’s stock valued at $29,105,000 after purchasing an additional 72,364 shares in the last quarter. Providence Wealth Advisors LLC grew its stake in Invesco QQQ Trust by 4.1% during the 2nd quarter. Providence Wealth Advisors LLC now owns 14,921 shares of the exchange traded fund’s stock valued at $2,820,000 after purchasing an additional 589 shares in the last quarter. Finally, Founders Financial Securities LLC grew its stake in Invesco QQQ Trust by 379.5% during the 2nd quarter. Founders Financial Securities LLC now owns 36,324 shares of the exchange traded fund’s stock valued at $6,783,000 after purchasing an additional 28,749 shares in the last quarter. Institutional investors and hedge funds own 41.54% of the company’s stock.

NASDAQ QQQ traded down $1.62 during mid-day trading on Thursday, reaching $189.48. 45,105,583 shares of the company’s stock traded hands, compared to its average volume of 20,142,258. Invesco QQQ Trust has a 1-year low of $143.46 and a 1-year high of $195.55. The firm’s fifty day simple moving average is $189.94.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, June 25th were paid a dividend of $0.416 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.66 dividend on an annualized basis and a yield of 0.88%.

Invesco QQQ Trust 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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