Invesco QQQ Trust (NASDAQ:QQQ) Shares Acquired by Strategic Wealth Advisors Group LLC

Strategic Wealth Advisors Group LLC boosted its holdings in Invesco QQQ Trust (NASDAQ:QQQGet Rating) by 41.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 265,131 shares of the exchange traded fund’s stock after purchasing an additional 77,205 shares during the quarter. Invesco QQQ Trust accounts for about 3.7% of Strategic Wealth Advisors Group LLC’s portfolio, making the stock its 2nd largest holding. Strategic Wealth Advisors Group LLC’s holdings in Invesco QQQ Trust were worth $95,800,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Indie Asset Partners LLC raised its stake in Invesco QQQ Trust by 45.9% in the 1st quarter. Indie Asset Partners LLC now owns 1,275 shares of the exchange traded fund’s stock worth $462,000 after purchasing an additional 401 shares in the last quarter. Main Management ETF Advisors LLC increased its holdings in Invesco QQQ Trust by 2.4% in the 1st quarter. Main Management ETF Advisors LLC now owns 279,300 shares of the exchange traded fund’s stock valued at $101,257,000 after buying an additional 6,580 shares during the period. San Luis Wealth Advisors LLC bought a new position in Invesco QQQ Trust in the 1st quarter valued at about $56,000. Maripau Wealth Management LLC increased its holdings in Invesco QQQ Trust by 24.3% in the 1st quarter. Maripau Wealth Management LLC now owns 2,593 shares of the exchange traded fund’s stock valued at $855,000 after buying an additional 507 shares during the period. Finally, David R. Rahn & Associates Inc. bought a new position in Invesco QQQ Trust in the 1st quarter valued at about $891,000. Institutional investors and hedge funds own 42.74% of the company’s stock.

Invesco QQQ Trust Price Performance

QQQ stock traded down $4.56 during mid-day trading on Wednesday, hitting $327.72. The stock had a trading volume of 865,020 shares, compared to its average volume of 50,487,128. Invesco QQQ Trust has a 52 week low of $269.28 and a 52 week high of $408.71. The firm has a fifty day simple moving average of $298.22 and a 200 day simple moving average of $321.05.

Invesco QQQ Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Wednesday, June 22nd were issued a $0.527 dividend. This is a positive change from Invesco QQQ Trust’s previous quarterly dividend of $0.43. This represents a $2.11 annualized dividend and a yield of 0.64%. The ex-dividend date was Tuesday, June 21st.

Invesco QQQ Trust Company Profile

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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.

Further Reading

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

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