Empower Advisory Group LLC Buys 1,063 Shares of Invesco QQQ $QQQ

Empower Advisory Group LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 6.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,012 shares of the exchange traded fund’s stock after buying an additional 1,063 shares during the quarter. Empower Advisory Group LLC’s holdings in Invesco QQQ were worth $9,384,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in QQQ. Morgan Dempsey Capital Management LLC purchased a new stake in shares of Invesco QQQ in the 2nd quarter worth $30,000. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ in the second quarter valued at about $41,000. Blume Capital Management Inc. lifted its stake in Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 2,536 shares during the period. Moser Wealth Advisors LLC grew its holdings in Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 93 shares in the last quarter. Finally, Atlantic Private Wealth LLC grew its holdings in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 120 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $608.86 on Friday. The firm has a 50-day simple moving average of $605.86 and a 200-day simple moving average of $565.19. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were paid a dividend of $0.694 per share. This is an increase 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 dividend 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.