Silvia Mccoll Wealth Management LLC Acquires 75 Shares of Invesco QQQ $QQQ

Silvia Mccoll Wealth Management LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,879 shares of the exchange traded fund’s stock after acquiring an additional 75 shares during the quarter. Invesco QQQ makes up about 1.2% of Silvia Mccoll Wealth Management LLC’s portfolio, making the stock its 24th biggest holding. Silvia Mccoll Wealth Management LLC’s holdings in Invesco QQQ were worth $1,588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Compass Financial Services Inc boosted its stake in shares of Invesco QQQ by 0.4% in the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock valued at $2,345,000 after buying an additional 19 shares during the period. Vermillion Wealth Management Inc. raised its holdings in Invesco QQQ by 4.2% in the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock valued at $271,000 after acquiring an additional 20 shares in the last quarter. Barrett & Company Inc. raised its holdings in Invesco QQQ by 14.9% in the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after acquiring an additional 20 shares in the last quarter. MTM Investment Management LLC raised its holdings in Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock valued at $613,000 after acquiring an additional 21 shares in the last quarter. Finally, Cutler Investment Counsel LLC raised its holdings in Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock valued at $710,000 after acquiring an additional 21 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.4%

Shares of NASDAQ QQQ opened at $603.18 on Monday. The business has a fifty day moving average price of $579.85 and a two-hundred day moving average price of $532.54. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $607.33.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%.

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.