Red Crane Wealth Management LLC Purchases 409 Shares of Invesco QQQ $QQQ

Red Crane Wealth Management LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 8.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,316 shares of the exchange traded fund’s stock after purchasing an additional 409 shares during the quarter. Invesco QQQ makes up about 2.7% of Red Crane Wealth Management LLC’s investment portfolio, making the stock its 13th largest position. Red Crane Wealth Management LLC’s holdings in Invesco QQQ were worth $2,933,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Sloy Dahl & Holst LLC boosted its holdings in Invesco QQQ by 3.1% during the 2nd quarter. Sloy Dahl & Holst LLC now owns 674 shares of the exchange traded fund’s stock valued at $372,000 after acquiring an additional 20 shares during the period. LifeWealth Investments LLC purchased a new stake in Invesco QQQ during the 2nd quarter valued at about $330,000. Freedom Investment Management Inc. boosted its holdings in Invesco QQQ by 1.1% during the 2nd quarter. Freedom Investment Management Inc. now owns 3,173 shares of the exchange traded fund’s stock valued at $1,750,000 after acquiring an additional 33 shares during the period. Forum Financial Management LP boosted its holdings in Invesco QQQ by 3.4% during the 2nd quarter. Forum Financial Management LP now owns 4,970 shares of the exchange traded fund’s stock valued at $2,742,000 after acquiring an additional 165 shares during the period. Finally, Pacific Wealth Management purchased a new stake in Invesco QQQ during the 2nd quarter valued at about $227,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $605.49 on Thursday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $613.18. The business has a 50-day moving average of $589.20 and a 200 day moving average of $543.59.

Invesco QQQ Increases Dividend

The business 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 dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.78 annualized dividend and a 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.