Topsail Wealth Management LLC Boosts Holdings in Invesco QQQ $QQQ

Topsail Wealth Management LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 7.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,350 shares of the exchange traded fund’s stock after purchasing an additional 239 shares during the period. Topsail Wealth Management LLC’s holdings in Invesco QQQ were worth $1,848,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Invesco QQQ during the second quarter worth approximately $30,000. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ during the second quarter worth approximately $41,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ during the first quarter worth approximately $51,000. Blume Capital Management Inc. grew its position in shares of Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 2,536 shares in the last quarter. Finally, Moser Wealth Advisors LLC grew its position in shares of Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $617.10 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $618.42. The firm has a 50 day simple moving average of $590.61 and a 200-day simple moving average of $547.17.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.4%.

Invesco QQQ Company 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.