Leelyn Smith LLC Grows Stock Holdings in Invesco QQQ $QQQ

Leelyn Smith LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,591 shares of the exchange traded fund’s stock after buying an additional 320 shares during the period. Leelyn Smith LLC’s holdings in Invesco QQQ were worth $4,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of QQQ. Morgan Dempsey Capital Management LLC bought a new position in shares of Invesco QQQ during the 2nd quarter worth approximately $30,000. Marshall & Sullivan Inc. WA purchased a new stake in Invesco QQQ during the 2nd quarter worth approximately $41,000. Moser Wealth Advisors LLC grew its position in Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 93 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ during the 1st quarter worth approximately $50,000. Finally, Westend Capital Management LLC purchased a new stake in Invesco QQQ during the 1st quarter worth approximately $51,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.1%

QQQ stock opened at $617.10 on Friday. The firm’s fifty day simple moving average is $590.61 and its 200-day simple moving average is $546.26. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $618.42.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be given a dividend of $0.694 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, September 22nd.

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.