Proactive Wealth Strategies LLC Buys 1,181 Shares of Invesco QQQ $QQQ

Proactive Wealth Strategies LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 24.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,053 shares of the exchange traded fund’s stock after acquiring an additional 1,181 shares during the quarter. Invesco QQQ makes up about 1.6% of Proactive Wealth Strategies LLC’s portfolio, making the stock its 16th largest position. Proactive Wealth Strategies LLC’s holdings in Invesco QQQ were worth $3,339,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Morgan Dempsey Capital Management LLC bought a new position in shares of Invesco QQQ during the 2nd quarter worth about $30,000. Marshall & Sullivan Inc. WA bought a new position in Invesco QQQ in the second quarter worth approximately $41,000. Moser Wealth Advisors LLC grew its stake in Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 93 shares during the period. Ransom Advisory Ltd acquired a new stake in Invesco QQQ in the first quarter valued at approximately $70,000. Finally, Barrett & Company Inc. increased its holdings in shares of Invesco QQQ by 14.9% during the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after acquiring an additional 20 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.1%

Shares of NASDAQ:QQQ opened at $622.94 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The stock’s 50 day moving average is $610.95 and its 200-day moving average is $575.62.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were paid a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.4%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, September 22nd.

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.