Pineridge Advisors LLC Grows Position in Invesco QQQ $QQQ

Pineridge Advisors LLC increased its position in Invesco QQQ (NASDAQ:QQQ) by 443.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 402 shares of the exchange traded fund’s stock after purchasing an additional 328 shares during the period. Pineridge Advisors LLC’s holdings in Invesco QQQ were worth $222,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in QQQ. Brighton Jones LLC boosted its stake in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares during the last quarter. Wealth Group Ltd. boosted its position in shares of Invesco QQQ by 305.2% in the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after purchasing an additional 4,835 shares in the last quarter. Obermeyer Wealth Partners grew its stake in shares of Invesco QQQ by 3.6% in the 1st quarter. Obermeyer Wealth Partners now owns 37,362 shares of the exchange traded fund’s stock worth $17,520,000 after buying an additional 1,291 shares during the last quarter. Finally, Ignite Planners LLC grew its stake in shares of Invesco QQQ by 85.3% in the 1st quarter. Ignite Planners LLC now owns 7,989 shares of the exchange traded fund’s stock worth $3,848,000 after buying an additional 3,677 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.2%

Shares of NASDAQ:QQQ opened at $596.31 on Wednesday. The stock has a fifty day simple moving average of $606.67 and a two-hundred day simple moving average of $567.44. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01.

Invesco QQQ Increases Dividend

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

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.