Spectrum Wealth Advisory Group LLC Buys 838 Shares of Invesco QQQ (NASDAQ:QQQ)

Spectrum Wealth Advisory Group LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,152 shares of the exchange traded fund’s stock after buying an additional 838 shares during the quarter. Invesco QQQ accounts for about 34.4% of Spectrum Wealth Advisory Group LLC’s investment portfolio, making the stock its biggest holding. Spectrum Wealth Advisory Group LLC’s holdings in Invesco QQQ were worth $32,173,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in QQQ. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ in the 1st quarter valued at approximately $28,000. Deane Retirement Strategies Inc. bought a new stake in shares of Invesco QQQ in the first quarter worth $29,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ in the second quarter worth $30,000. Legacy Bridge LLC boosted its holdings in Invesco QQQ by 800.0% during the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Finally, Voisard Asset Management Group Inc. bought a new position in Invesco QQQ in the fourth quarter valued at $35,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $458.66 on Wednesday. The company’s 50-day moving average price is $471.31 and its two-hundred day moving average price is $456.60. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were given a dividend of $0.7615 per share. The ex-dividend date of this dividend was Monday, June 24th. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.66%.

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.