Jackson Thornton Wealth Management LLC Acquires Shares of 393 Invesco QQQ $QQQ

Jackson Thornton Wealth Management LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 393 shares of the exchange traded fund’s stock, valued at approximately $217,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Mid American Wealth Advisory Group Inc. purchased a new stake in Invesco QQQ during the 2nd quarter valued at approximately $115,000. LGT Financial Advisors LLC grew its holdings in Invesco QQQ by 52.6% during the 2nd quarter. LGT Financial Advisors LLC now owns 290 shares of the exchange traded fund’s stock valued at $160,000 after buying an additional 100 shares in the last quarter. Triton Financial Group Inc purchased a new stake in Invesco QQQ during the 2nd quarter valued at approximately $225,000. Clune & Associates LTD. grew its holdings in Invesco QQQ by 17.7% during the 2nd quarter. Clune & Associates LTD. now owns 1,693 shares of the exchange traded fund’s stock valued at $934,000 after buying an additional 254 shares in the last quarter. Finally, Darrow Company Inc. grew its holdings in Invesco QQQ by 4.4% during the 2nd quarter. Darrow Company Inc. now owns 45,218 shares of the exchange traded fund’s stock valued at $24,932,000 after buying an additional 1,890 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.3%

Shares of QQQ opened at $611.54 on Tuesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18. The company has a 50 day simple moving average of $588.07 and a two-hundred day simple moving average of $542.68.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be issued a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. 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.

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.