Solutions 4 Wealth Ltd Has $456,000 Stock Position in Invesco QQQ $QQQ

Solutions 4 Wealth Ltd lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 91.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 826 shares of the exchange traded fund’s stock after buying an additional 394 shares during the period. Solutions 4 Wealth Ltd’s holdings in Invesco QQQ were worth $456,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Morgan Dempsey Capital Management LLC bought a new stake in shares of Invesco QQQ in the 2nd quarter worth about $30,000. Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ in the second quarter valued at approximately $41,000. Moser Wealth Advisors LLC boosted its stake in Invesco QQQ by 930.0% in the second 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 in the last quarter. Atlantic Private Wealth LLC grew its holdings in shares of Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new stake in shares of Invesco QQQ in the first quarter valued at $70,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.8%

Shares of NASDAQ QQQ opened at $619.29 on Monday. The company has a 50-day moving average of $609.04 and a two-hundred day moving average of $573.56. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Increases Dividend

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

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.