Ibex Wealth Advisors Raises Holdings in Invesco QQQ $QQQ

Ibex Wealth Advisors lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 13,041 shares of the exchange traded fund’s stock after purchasing an additional 130 shares during the quarter. Ibex Wealth Advisors’ holdings in Invesco QQQ were worth $7,194,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in QQQ. Laffer Tengler Investments Inc. purchased a new stake in shares of Invesco QQQ during the 2nd quarter valued at about $995,000. Vise Technologies Inc. acquired a new position in shares of Invesco QQQ in the second quarter worth about $3,300,000. Cahill Financial Advisors Inc. lifted its stake in shares of Invesco QQQ by 1.0% in the second quarter. Cahill Financial Advisors Inc. now owns 5,171 shares of the exchange traded fund’s stock worth $2,853,000 after acquiring an additional 53 shares in the last quarter. Alpha Cubed Investments LLC boosted its holdings in Invesco QQQ by 7.8% in the second quarter. Alpha Cubed Investments LLC now owns 24,775 shares of the exchange traded fund’s stock valued at $13,667,000 after purchasing an additional 1,782 shares during the last quarter. Finally, Allworth Financial LP grew its stake in Invesco QQQ by 30.0% during the 2nd quarter. Allworth Financial LP now owns 153,434 shares of the exchange traded fund’s stock valued at $84,640,000 after purchasing an additional 35,421 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.3%

Shares of QQQ opened at $609.74 on Monday. The business’s 50 day moving average is $601.34 and its two-hundred day moving average is $560.76. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were paid 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 was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%.

Invesco QQQ 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.