Arcadia Wealth Management Inc. Boosts Stock Holdings in Invesco QQQ $QQQ

Arcadia Wealth Management Inc. boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 11.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,799 shares of the exchange traded fund’s stock after buying an additional 403 shares during the period. Invesco QQQ comprises 1.4% of Arcadia Wealth Management Inc.’s holdings, making the stock its 17th biggest position. Arcadia Wealth Management Inc.’s holdings in Invesco QQQ were worth $2,095,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. GSG Advisors LLC lifted its position in Invesco QQQ by 8.2% during the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock valued at $3,600,000 after purchasing an additional 585 shares during the last quarter. Amundi lifted its position in Invesco QQQ by 6.3% during the first quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after purchasing an additional 6,600 shares during the last quarter. Jackson Wealth Management LLC lifted its position in Invesco QQQ by 8.6% during the first quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund’s stock valued at $9,428,000 after purchasing an additional 1,586 shares during the last quarter. Greykasell Wealth Strategies Inc. lifted its position in Invesco QQQ by 8.4% during the first quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock valued at $3,649,000 after purchasing an additional 605 shares during the last quarter. Finally, AM Investment Strategies LLC lifted its position in Invesco QQQ by 46.5% during the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock valued at $904,000 after purchasing an additional 612 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $632.92 on Wednesday. The firm has a 50-day moving average price of $592.90 and a 200-day moving average price of $550.17. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $634.68.

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 issued a $0.694 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date 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.