Private Wealth Partners LLC Has $22.47 Million Holdings in Invesco QQQ $QQQ

Private Wealth Partners LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 40,741 shares of the exchange traded fund’s stock after purchasing an additional 234 shares during the quarter. Invesco QQQ makes up approximately 1.8% of Private Wealth Partners LLC’s investment portfolio, making the stock its 18th largest holding. Private Wealth Partners LLC’s holdings in Invesco QQQ were worth $22,474,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Compass Financial Services Inc increased its position in Invesco QQQ by 0.4% during the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock valued at $2,345,000 after purchasing an additional 19 shares during the period. Vermillion Wealth Management Inc. increased its position in 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 period. Barrett & Company Inc. increased its position in 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 period. waypoint wealth counsel increased its position in 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 period. Finally, Investment Advisory Group LLC increased its position in 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 period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.8%

Shares of QQQ stock opened at $628.09 on Tuesday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $628.55. The firm has a 50 day moving average of $591.63 and a 200-day moving average of $548.87.

Invesco QQQ Increases Dividend

The business also recently disclosed 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. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.4%.

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.