Plum Street Advisors LLC Buys 53 Shares of Invesco QQQ $QQQ

Plum Street Advisors LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 13.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 450 shares of the exchange traded fund’s stock after acquiring an additional 53 shares during the quarter. Plum Street Advisors LLC’s holdings in Invesco QQQ were worth $211,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Willis Johnson & Associates Inc. increased its holdings in Invesco QQQ by 2.6% in the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund’s stock valued at $416,000 after buying an additional 21 shares during the period. MTM Investment Management LLC increased its holdings in Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock valued at $613,000 after buying an additional 21 shares during the period. Cutler Investment Counsel LLC increased its holdings in Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock valued at $710,000 after buying an additional 21 shares during the period. Mosaic Family Wealth Partners LLC increased its holdings in Invesco QQQ by 1.6% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund’s stock valued at $707,000 after buying an additional 22 shares during the period. Finally, Riverbend Wealth Management LLC increased its holdings in Invesco QQQ by 0.3% in the 1st quarter. Riverbend Wealth Management LLC now owns 8,172 shares of the exchange traded fund’s stock valued at $3,832,000 after buying an additional 22 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $584.08 on Friday. The company’s fifty day moving average price is $567.63 and its two-hundred day moving average price is $519.99. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $584.88.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were issued a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.