Proactive Wealth Strategies LLC Has $3.34 Million Stock Position in Invesco QQQ $QQQ

Proactive Wealth Strategies LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 24.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,053 shares of the exchange traded fund’s stock after acquiring an additional 1,181 shares during the period. Invesco QQQ comprises 1.6% of Proactive Wealth Strategies LLC’s holdings, making the stock its 16th largest holding. Proactive Wealth Strategies LLC’s holdings in Invesco QQQ were worth $3,339,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of QQQ. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Invesco QQQ in the second quarter valued at about $30,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Invesco QQQ in the second quarter worth approximately $41,000. Moser Wealth Advisors LLC boosted its holdings in Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 93 shares during the last quarter. Ransom Advisory Ltd acquired a new stake in Invesco QQQ during the 1st quarter valued at approximately $70,000. Finally, Barrett & Company Inc. raised its holdings in Invesco QQQ by 14.9% during the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock worth $85,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $622.94 on Friday. The company’s 50 day moving average price is $610.95 and its 200-day moving average price is $575.62. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Invesco QQQ Increases Dividend

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

Invesco QQQ 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.