Gentry Private Wealth LLC Acquires Shares of 4,276 Invesco QQQ (NASDAQ:QQQ)

Gentry Private Wealth LLC bought a new position in Invesco QQQ (NASDAQ:QQQ) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,276 shares of the exchange traded fund’s stock, valued at approximately $2,049,000. Invesco QQQ accounts for approximately 1.8% of Gentry Private Wealth LLC’s holdings, making the stock its 9th biggest position.

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

Invesco QQQ Trading Down 2.7 %

NASDAQ QQQ opened at $448.69 on Friday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The company has a 50 day moving average price of $472.43 and a two-hundred day moving average price of $455.91.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were given a $0.7615 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.68%. 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.