Invesco QQQ $QQQ Stock Position Boosted by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,505 shares of the exchange traded fund’s stock after acquiring an additional 318 shares during the period. Invesco QQQ comprises approximately 2.7% of Baker Tilly Wealth Management LLC’s holdings, making the stock its 5th biggest holding. Baker Tilly Wealth Management LLC’s holdings in Invesco QQQ were worth $7,450,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in QQQ. Goldman Sachs Group Inc. grew its holdings in Invesco QQQ by 959.6% during 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 purchasing an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. acquired a new stake in Invesco QQQ during the 1st quarter valued at $2,775,904,000. GAMMA Investing LLC grew its holdings in Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares in the last quarter. Spear Holdings RSC Ltd acquired a new stake in Invesco QQQ during the 1st quarter valued at $474,600,000. Finally, Altimeter Capital Management LP acquired a new stake in Invesco QQQ during the 1st quarter valued at $463,293,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.9%

QQQ opened at $595.32 on Friday. The company has a fifty day simple moving average of $571.28 and a 200 day simple moving average of $522.90. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $598.14.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were issued a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.