Beacon Financial Advisory LLC Grows Stock Holdings in Invesco QQQ $QQQ

Beacon Financial Advisory LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 13.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,709 shares of the exchange traded fund’s stock after purchasing an additional 322 shares during the period. Beacon Financial Advisory LLC’s holdings in Invesco QQQ were worth $1,495,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC raised its holdings in shares of Invesco QQQ by 704,593.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after acquiring an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Invesco QQQ by 959.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock valued at $11,300,023,000 after purchasing an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. bought a new position in Invesco QQQ in the 1st quarter worth $2,775,904,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco QQQ by 1.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund’s stock worth $1,501,063,000 after purchasing an additional 52,234 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in shares of Invesco QQQ by 2.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock worth $1,163,036,000 after purchasing an additional 54,944 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.4%

Shares of NASDAQ QQQ opened at $603.18 on Monday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $607.33. The company’s 50-day moving average is $579.85 and its 200 day moving average is $532.54.

Invesco QQQ Increases Dividend

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

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.