Wealth Quarterback LLC Has $13.32 Million Stock Position in Invesco QQQ $QQQ

Wealth Quarterback LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1,426.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,139 shares of the exchange traded fund’s stock after purchasing an additional 22,558 shares during the quarter. Invesco QQQ makes up 6.3% of Wealth Quarterback LLC’s holdings, making the stock its 2nd largest position. Wealth Quarterback LLC’s holdings in Invesco QQQ were worth $13,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. boosted its holdings in shares of Invesco QQQ by 0.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 197,782 shares of the exchange traded fund’s stock valued at $109,104,000 after buying an additional 1,564 shares in the last quarter. JFG Wealth Management LLC raised its stake in shares of Invesco QQQ by 15.1% during the 2nd quarter. JFG Wealth Management LLC now owns 4,632 shares of the exchange traded fund’s stock worth $2,555,000 after acquiring an additional 606 shares in the last quarter. Westbourne Investment Advisors Inc. purchased a new stake in Invesco QQQ during the second quarter valued at approximately $2,354,000. Advyzon Investment Management LLC boosted its stake in Invesco QQQ by 609.4% in the second quarter. Advyzon Investment Management LLC now owns 14,018 shares of the exchange traded fund’s stock valued at $7,733,000 after acquiring an additional 12,042 shares in the last quarter. Finally, Avalon Capital Management boosted its stake in Invesco QQQ by 150.4% in the second quarter. Avalon Capital Management now owns 2,088 shares of the exchange traded fund’s stock valued at $1,152,000 after acquiring an additional 1,254 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.3%

Shares of QQQ stock opened at $621.57 on Wednesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The business’s fifty day simple moving average is $603.52 and its 200-day simple moving average is $562.90.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were given a dividend of $0.694 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.4%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

Invesco QQQ 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.