WESPAC Advisors LLC Buys 198 Shares of Invesco QQQ $QQQ

WESPAC Advisors LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 9.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,253 shares of the exchange traded fund’s stock after buying an additional 198 shares during the period. WESPAC Advisors LLC’s holdings in Invesco QQQ were worth $1,243,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Brighton Jones LLC grew its stake in shares of Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after buying an additional 176 shares during the last quarter. Wealth Group Ltd. grew its stake in shares of Invesco QQQ by 305.2% in the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after buying an additional 4,835 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Invesco QQQ by 2,060.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 12,251 shares of the exchange traded fund’s stock worth $5,745,000 after buying an additional 11,684 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Invesco QQQ by 19.2% in the 1st quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund’s stock worth $1,872,000 after buying an additional 643 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $611.44 on Thursday. The stock’s 50 day moving average is $582.26 and its 200 day moving average is $534.45. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $611.75.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a $0.694 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.5%.

About Invesco QQQ

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.