Invesco QQQ $QQQ Position Boosted by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. grew its position in Invesco QQQ (NASDAQ:QQQ) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,786 shares of the exchange traded fund’s stock after buying an additional 120 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Invesco QQQ were worth $2,641,000 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. Brighton Jones LLC boosted its holdings in shares of Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after buying an additional 176 shares during the period. Wealth Group Ltd. boosted its holdings in shares of Invesco QQQ by 305.2% in the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after buying an additional 4,835 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Invesco QQQ by 19.2% in the first quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund’s stock worth $1,872,000 after buying an additional 643 shares during the period. Finally, HT Partners LLC boosted its holdings in shares of Invesco QQQ by 678.0% in the first quarter. HT Partners LLC now owns 15,280 shares of the exchange traded fund’s stock worth $7,165,000 after buying an additional 13,316 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 2.1%

Shares of QQQ opened at $602.01 on Tuesday. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18. The company has a 50-day moving average of $584.64 and a two-hundred day moving average of $537.61.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors 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. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, September 22nd.

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.