Strait & Sound Wealth Management LLC Buys 273 Shares of Invesco QQQ $QQQ

Strait & Sound Wealth Management LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,574 shares of the exchange traded fund’s stock after purchasing an additional 273 shares during the period. Invesco QQQ comprises about 1.8% of Strait & Sound Wealth Management LLC’s investment portfolio, making the stock its 12th largest position. Strait & Sound Wealth Management LLC’s holdings in Invesco QQQ were worth $4,178,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Whipplewood Advisors LLC lifted its position in Invesco QQQ by 181.4% during the second quarter. Whipplewood Advisors LLC now owns 1,539 shares of the exchange traded fund’s stock valued at $849,000 after buying an additional 992 shares during the period. Schneider Downs Wealth Management Advisors LP increased its holdings in Invesco QQQ by 12.8% in the 2nd quarter. Schneider Downs Wealth Management Advisors LP now owns 1,593 shares of the exchange traded fund’s stock worth $879,000 after buying an additional 181 shares in the last quarter. Ndwm LLC increased its holdings in Invesco QQQ by 4.2% in the 2nd quarter. Ndwm LLC now owns 2,151 shares of the exchange traded fund’s stock worth $1,187,000 after buying an additional 86 shares in the last quarter. Waldron Private Wealth LLC increased its holdings in Invesco QQQ by 0.8% in the 2nd quarter. Waldron Private Wealth LLC now owns 3,929 shares of the exchange traded fund’s stock worth $2,168,000 after buying an additional 32 shares in the last quarter. Finally, Dodds Wealth LLC increased its holdings in Invesco QQQ by 2.6% in the 2nd quarter. Dodds Wealth LLC now owns 1,316 shares of the exchange traded fund’s stock worth $726,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.1%

NASDAQ QQQ opened at $617.10 on Friday. The stock has a 50-day moving average of $590.61 and a 200 day moving average of $547.17. Invesco QQQ has a one year low of $402.39 and a one year high of $618.42.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.