Greenup Street Wealth Management LLC Acquires 11,955 Shares of Invesco QQQ $QQQ

Greenup Street Wealth Management LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 11.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 114,614 shares of the exchange traded fund’s stock after acquiring an additional 11,955 shares during the quarter. Invesco QQQ accounts for approximately 11.0% of Greenup Street Wealth Management LLC’s portfolio, making the stock its 2nd largest position. Greenup Street Wealth Management LLC’s holdings in Invesco QQQ were worth $63,226,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Compass Financial Services Inc increased its position in Invesco QQQ by 0.4% during the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock worth $2,345,000 after buying an additional 19 shares during the last quarter. Vermillion Wealth Management Inc. grew its position in shares of Invesco QQQ by 4.2% in the second 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. grew its position in shares of Invesco QQQ by 14.9% in the second 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. waypoint wealth counsel grew its position in shares of Invesco QQQ by 0.6% in the second 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. Finally, Investment Advisory Group LLC grew its position in shares of Invesco QQQ by 0.4% in the second 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. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.3%

Invesco QQQ stock opened at $611.54 on Tuesday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $613.18. The stock’s 50 day moving average is $588.07 and its 200-day moving average is $542.68.

Invesco QQQ Increases Dividend

The company 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 $0.694 dividend. 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. This represents a $2.78 annualized dividend and a dividend yield of 0.5%.

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.