BigSur Wealth Management LLC Grows Position in Invesco QQQ (NASDAQ:QQQ)

BigSur Wealth Management LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 15.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,535 shares of the exchange traded fund’s stock after buying an additional 200 shares during the quarter. BigSur Wealth Management LLC’s holdings in Invesco QQQ were worth $737,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new position in Invesco QQQ in the 1st quarter worth $28,000. Deane Retirement Strategies Inc. bought a new stake in Invesco QQQ during the first quarter valued at about $29,000. Legacy Bridge LLC lifted its position in shares of Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Voisard Asset Management Group Inc. purchased a new position in shares of Invesco QQQ in the fourth quarter valued at about $35,000. Finally, Chelsea Counsel Co. bought a new position in shares of Invesco QQQ in the first quarter worth about $40,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.2 %

QQQ traded down $1.01 on Tuesday, hitting $480.26. 27,817,934 shares of the company’s stock traded hands, compared to its average volume of 40,841,344. The company’s 50 day simple moving average is $474.69 and its 200-day simple moving average is $452.36. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were issued a dividend of $0.7615 per share. This represents a $3.05 annualized dividend and a yield of 0.63%. The ex-dividend date was Monday, June 24th. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57.

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.