Invesco QQQ Sees Increase in Institutional Investment - Stock Up 0.1%

In a recent report, GSB Wealth Management LLC has significantly increased its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 2.1% during the 1st quarter, as stated by Holdings Channel. The firm now holds 8,541 shares of the exchange traded fund's stock after acquiring an additional 176 shares during the quarter. Institutional Investments Surge GSB Wealth Management LLC's holdings in Invesco QQQ make it the 20th largest holding in their investment portfolio, with the stock worth $3,792,000 at the end of the quarter. Notably, other institutional investors have also shown interest in the company recently. Stock Performance Invesco QQQ stock saw a 0.1% increase, trading up to $496.77 on Monday. The company witnessed a trading volume of 15,063,076 shares, compared to the average volume of 40,348,570 shares. The stock's 50-day and two-hundred day moving average prices stand at $461.28 and $439.72, respectively. Dividend Increase Invesco QQQ also announced an elevated quarterly dividend, with investors of record on Monday, June 24th receiving a dividend of $0.7615, up from the previous $0.57. The ex-dividend date is also set for Monday, June 24th, with an annualized dividend of $3.05 and a yield of 0.61%. About Invesco QQQ PowerShares QQQ Trust, Series 1 is known for issuing securities called Nasdaq-100 Index Tracking Stock, aiming to mirror the performance of the Nasdaq-100 Index. Investors have the opportunity to purchase units of beneficial interest in the Trust, representing interests in the portfolio of securities held by the Trust. Conclusion Invesco QQQ continues to attract institutional investments and investors' interest with its recent performance and dividend increase. For more detailed information on QQQ's holdings and trades, visit HoldingsChannel.com for the latest 13F filings and insider trades related to Invesco QQQ (NASDAQ:QQQ – Free Report).