Invesco QQQ $QQQ Holdings Lifted by Innova Wealth Partners

Innova Wealth Partners increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 240.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,051 shares of the exchange traded fund’s stock after purchasing an additional 4,275 shares during the quarter. Invesco QQQ makes up 2.0% of Innova Wealth Partners’ investment portfolio, making the stock its 18th largest position. Innova Wealth Partners’ holdings in Invesco QQQ were worth $3,338,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Marshall & Sullivan Inc. WA purchased a new position in Invesco QQQ in the second quarter valued at about $41,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ in the first quarter worth about $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ in the first quarter worth about $51,000. Blume Capital Management Inc. lifted its position in shares of Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC lifted its position in shares of Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.7%

Shares of NASDAQ:QQQ opened at $598.00 on Wednesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18. The business has a 50-day moving average of $585.40 and a two-hundred day moving average of $538.03.

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 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 a boost from Invesco QQQ’s previous quarterly dividend of $0.59.

Invesco QQQ Company 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.