Frazier Financial Advisors LLC Purchases 108 Shares of Invesco QQQ $QQQ

Frazier Financial Advisors LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 83.1% during the second quarter, HoldingsChannel.com reports. The fund owned 238 shares of the exchange traded fund’s stock after acquiring an additional 108 shares during the quarter. Frazier Financial Advisors LLC’s holdings in Invesco QQQ were worth $131,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Compass Financial Services Inc increased its stake in Invesco QQQ by 0.4% in the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock worth $2,345,000 after acquiring an additional 19 shares during the last quarter. Vermillion Wealth Management Inc. increased its position in shares of Invesco QQQ by 4.2% during the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock valued at $271,000 after purchasing an additional 20 shares during the last quarter. Barrett & Company Inc. increased its position in shares of Invesco QQQ by 14.9% during the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after purchasing an additional 20 shares during the last quarter. Investment Advisory Group LLC increased its position in shares of Invesco QQQ by 0.4% during the 2nd quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund’s stock valued at $3,158,000 after purchasing an additional 20 shares during the last quarter. Finally, waypoint wealth counsel increased its position in shares of Invesco QQQ by 0.6% during the 2nd quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund’s stock valued at $1,964,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $598.00 on Wednesday. The business’s 50 day moving average price is $585.40 and its 200-day moving average price is $538.03. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18.

Invesco QQQ Increases Dividend

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

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.