Commonwealth Retirement Investments LLC Raises Holdings in Invesco QQQ $QQQ

Commonwealth Retirement Investments LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 34.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 707 shares of the exchange traded fund’s stock after acquiring an additional 180 shares during the period. Commonwealth Retirement Investments LLC’s holdings in Invesco QQQ were worth $390,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of QQQ. Morgan Dempsey Capital Management LLC acquired a new stake in Invesco QQQ during the second quarter worth about $30,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at $41,000. Blume Capital Management Inc. raised its holdings in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 2,536 shares during the period. Moser Wealth Advisors LLC increased its holdings 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 period. Finally, Atlantic Private Wealth LLC increased its holdings in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 120 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $619.25 on Wednesday. The stock’s 50 day moving average price is $598.87 and its 200 day moving average price is $557.15. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Invesco QQQ Increases Dividend

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