Montz Harcus Wealth Management LLC Increases Stock Position in Invesco QQQ $QQQ

Montz Harcus Wealth Management LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,518 shares of the exchange traded fund’s stock after buying an additional 148 shares during the period. Invesco QQQ comprises about 2.0% of Montz Harcus Wealth Management LLC’s investment portfolio, making the stock its 14th biggest holding. Montz Harcus Wealth Management LLC’s holdings in Invesco QQQ were worth $4,147,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ during the 2nd quarter valued at about $41,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ during the 1st quarter valued at about $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ during the 1st quarter valued at about $51,000. Blume Capital Management Inc. boosted its stake in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC boosted its stake in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.4%

Shares of QQQ opened at $603.18 on Friday. The firm’s 50-day moving average price is $579.85 and its 200-day moving average price is $532.17. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $607.33.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a dividend of $0.694 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%.

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.