Invesco QQQ $QQQ Shares Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 107.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,221 shares of the exchange traded fund’s stock after acquiring an additional 4,262 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Invesco QQQ were worth $4,535,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. IRON Financial LLC lifted its holdings in Invesco QQQ by 10.8% in the second quarter. IRON Financial LLC now owns 2,095 shares of the exchange traded fund’s stock valued at $1,155,000 after acquiring an additional 204 shares during the period. Financial Connections Group Inc. lifted its holdings in Invesco QQQ by 47.9% in the second quarter. Financial Connections Group Inc. now owns 210 shares of the exchange traded fund’s stock valued at $115,000 after acquiring an additional 68 shares during the period. Invictus Private Wealth LLC lifted its holdings in Invesco QQQ by 2.0% in the second quarter. Invictus Private Wealth LLC now owns 351,844 shares of the exchange traded fund’s stock valued at $194,091,000 after acquiring an additional 6,994 shares during the period. Drucker Wealth 3.0 LLC lifted its holdings in Invesco QQQ by 986.4% in the second quarter. Drucker Wealth 3.0 LLC now owns 11,766 shares of the exchange traded fund’s stock valued at $6,545,000 after acquiring an additional 10,683 shares during the period. Finally, Aberdeen Group plc acquired a new position in Invesco QQQ in the second quarter valued at approximately $453,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $589.55 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $613.18. The business has a 50 day moving average of $583.89 and a two-hundred day moving average of $536.30.

Invesco QQQ Increases Dividend

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

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.