N.E.W. Advisory Services LLC Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

N.E.W. Advisory Services LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 4.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,822 shares of the exchange traded fund’s stock after buying an additional 238 shares during the quarter. N.E.W. Advisory Services LLC’s holdings in Invesco QQQ were worth $2,789,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Atwater Malick LLC acquired a new stake in Invesco QQQ in the first quarter valued at $293,000. Westwood Holdings Group Inc. raised its position in shares of Invesco QQQ by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after acquiring an additional 1,993 shares in the last quarter. GenWealth Group Inc. lifted its stake in Invesco QQQ by 5.8% during the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after purchasing an additional 2,325 shares during the last quarter. Fiera Capital Corp boosted its holdings in Invesco QQQ by 1.7% in the fourth quarter. Fiera Capital Corp now owns 656,835 shares of the exchange traded fund’s stock valued at $268,987,000 after purchasing an additional 11,013 shares in the last quarter. Finally, Socha Financial Group LLC boosted its holdings in Invesco QQQ by 1.3% in the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after purchasing an additional 1,153 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock opened at $461.04 on Friday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The company’s 50 day moving average is $473.04 and its two-hundred day moving average is $455.79.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were given a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.66%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Monday, June 24th.

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.