TruWealth Advisors LLC Raises Stock Position in Invesco QQQ $QQQ

TruWealth Advisors LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,961 shares of the exchange traded fund’s stock after purchasing an additional 34 shares during the quarter. Invesco QQQ makes up about 1.3% of TruWealth Advisors LLC’s holdings, making the stock its 26th largest position. TruWealth Advisors LLC’s holdings in Invesco QQQ were worth $23,699,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Compass Financial Services Inc lifted its stake in Invesco QQQ by 0.4% in the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock valued at $2,345,000 after buying an additional 19 shares during the last quarter. Willis Johnson & Associates Inc. raised its position in Invesco QQQ by 2.6% in the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund’s stock valued at $416,000 after purchasing an additional 21 shares during the last quarter. MTM Investment Management LLC boosted its stake in Invesco QQQ by 1.6% during the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock worth $613,000 after purchasing an additional 21 shares during the period. Cutler Investment Counsel LLC boosted its stake in Invesco QQQ by 1.4% during the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock worth $710,000 after purchasing an additional 21 shares during the period. Finally, Mosaic Family Wealth Partners LLC grew its position in Invesco QQQ by 1.6% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund’s stock worth $707,000 after purchasing an additional 22 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.4%

Shares of NASDAQ:QQQ opened at $586.66 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $587.86. The company has a 50-day simple moving average of $568.24 and a 200-day simple moving average of $520.54.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid a $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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.