Wealth Quarterback LLC Buys 22,558 Shares of Invesco QQQ $QQQ

Wealth Quarterback LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 1,426.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 24,139 shares of the exchange traded fund’s stock after buying an additional 22,558 shares during the period. Invesco QQQ makes up 6.3% of Wealth Quarterback LLC’s investment portfolio, making the stock its 2nd largest position. Wealth Quarterback LLC’s holdings in Invesco QQQ were worth $13,316,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Morgan Dempsey Capital Management LLC acquired a new stake in Invesco QQQ during the 2nd quarter worth about $30,000. Marshall & Sullivan Inc. WA purchased a new position in shares of Invesco QQQ in the second quarter worth about $41,000. Moser Wealth Advisors LLC raised its stake in shares of Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 93 shares during the last quarter. Blume Capital Management Inc. lifted its holdings in shares of Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC lifted its holdings in shares of Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.3%

Shares of NASDAQ QQQ opened at $621.57 on Wednesday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01. The business’s 50 day moving average price is $603.52 and its 200 day moving average price is $562.90.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were issued a $0.694 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was 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.