Boyum Wealth Architects LLC Has $1.78 Million Holdings in Invesco QQQ $QQQ

Boyum Wealth Architects LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 37.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,220 shares of the exchange traded fund’s stock after purchasing an additional 876 shares during the quarter. Invesco QQQ comprises 1.3% of Boyum Wealth Architects LLC’s investment portfolio, making the stock its 16th biggest position. Boyum Wealth Architects LLC’s holdings in Invesco QQQ were worth $1,776,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. grew its position in Invesco QQQ by 959.6% in the first 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 acquiring an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. bought a new position in Invesco QQQ in the first quarter valued at about $2,775,904,000. Northwestern Mutual Wealth Management Co. grew its position in Invesco QQQ by 1.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund’s stock valued at $1,501,063,000 after acquiring an additional 52,234 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Invesco QQQ by 2.3% in the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock valued at $1,163,036,000 after acquiring an additional 54,944 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock valued at $8,777,850,000 after acquiring an additional 1,868,580 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.9%

Invesco QQQ stock opened at $591.68 on Tuesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $591.79. The business’s 50-day moving average price is $569.03 and its two-hundred day moving average price is $521.27.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, June 23rd.

Invesco QQQ 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.