Invesco QQQ (NASDAQ:QQQ) Shares Bought by PFG Private Wealth Management LLC

PFG Private Wealth Management LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 572.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 121 shares of the exchange traded fund’s stock after purchasing an additional 103 shares during the period. PFG Private Wealth Management LLC’s holdings in Invesco QQQ were worth $58,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its position in shares of Invesco QQQ by 40,957.3% during the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares during the period. Global Assets Advisory LLC acquired a new stake in shares of Invesco QQQ during the 1st quarter valued at about $1,580,776,000. Steel Grove Capital Advisors LLC grew its position in shares of Invesco QQQ by 934.0% during the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after acquiring an additional 3,102,568 shares during the period. Granite Bay Wealth Management LLC lifted its stake in Invesco QQQ by 6,215.5% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after buying an additional 894,532 shares in the last quarter. Finally, Harvard Management Co. Inc. purchased a new position in Invesco QQQ in the 1st quarter valued at about $304,591,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.2 %

Invesco QQQ stock traded up $0.97 during midday trading on Monday, reaching $451.38. The company had a trading volume of 27,698,279 shares, compared to its average volume of 41,113,512. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The firm’s fifty day simple moving average is $473.79 and its 200-day simple moving average is $450.49.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were paid a $0.7615 dividend. The ex-dividend date was Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a yield of 0.67%.

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.