Integral Investment Advisors Increases Stake in Invesco QQQ by 3.3%

Integral Investment Advisors Inc. has increased its investment in Invesco QQQ (NASDAQ: QQQ) by 3.3% during the third quarter of 2023. According to HoldingsChannel.com, the firm now holds a total of 25,444 shares after acquiring an additional 808 shares in that period. This boost positions Invesco QQQ as the second largest holding within Integral Investment Advisors’ portfolio, which represents approximately 4.1% of their total investments. As of the latest reporting period, these shares are valued at approximately $15.3 million.

Other institutional investors have also been active in the QQQ market. Morgan Dempsey Capital Management LLC initiated a new position in the fund during the second quarter, valued at about $30,000. Navigoe LLC’s investment grew by an impressive 300% in the same quarter, bringing their total to 60 shares worth approximately $36,000 after an additional acquisition of 45 shares. Meanwhile, Marshall & Sullivan Inc. WA established a new position valued at around $41,000 in the second quarter, and PayPay Securities Corp increased its stake by 78.9% during the third quarter, giving them ownership of 68 shares valued at $41,000.

Moser Wealth Advisors LLC showed remarkable growth as well, lifting its holdings in Invesco QQQ by a staggering 930% in the second quarter. They now own 103 shares worth about $57,000 after acquiring an additional 93 shares. Currently, approximately 44.58% of Invesco QQQ shares are held by hedge funds and institutional investors.

Recent Developments and Dividend Announcement

Invesco QQQ recently reported a 1.0% increase in its stock value. The company also announced a quarterly dividend, which was distributed on December 31, 2023. Shareholders of record on December 22 received a dividend of $0.7941 per share, translating to an annualized dividend of $3.18 and a yield of 0.5%. This marks an increase from the previous quarterly dividend of $0.69. The ex-dividend date was also set for December 22.

Invesco QQQ Overview

PowerShares QQQ Trust, Series 1, is a unit investment trust that offers securities known as Nasdaq-100 Index Tracking Stock. The Trust’s primary investment goal is to mirror the price and yield performance of the Nasdaq-100 Index. This structure allows investors to purchase units that represent proportional undivided interests in a portfolio of securities held by the Trust, which closely aligns with the component securities of the Nasdaq-100 Index.

For those interested in tracking institutional activity regarding Invesco QQQ, HoldingsChannel.com provides insights into the latest 13F filings and insider trades. Additionally, investors can subscribe to MarketBeat.com’s daily newsletter for concise updates on news and analyst ratings for Invesco QQQ and related entities.