Invesco QQQ $QQQ Stock Position Increased by Amplius Wealth Advisors LLC

Amplius Wealth Advisors LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.5% during the 2nd quarter, Holdings Channel reports. The firm owned 71,560 shares of the exchange traded fund’s stock after buying an additional 1,042 shares during the quarter. Invesco QQQ comprises 3.7% of Amplius Wealth Advisors LLC’s portfolio, making the stock its 5th largest holding. Amplius Wealth Advisors LLC’s holdings in Invesco QQQ were worth $39,470,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Invesco QQQ by 704,593.7% in the 2nd 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 buying an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Invesco QQQ by 959.6% in 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 buying an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. acquired a new position in shares of Invesco QQQ in the 1st quarter valued at about $2,775,904,000. Spear Holdings RSC Ltd acquired a new position in shares of Invesco QQQ in the 1st quarter valued at about $474,600,000. Finally, Altimeter Capital Management LP acquired a new position in shares of Invesco QQQ in the 1st quarter valued at about $463,293,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $626.05 on Friday. The business has a 50-day simple moving average of $595.56 and a 200-day simple moving average of $551.96. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a $0.694 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.4%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.