Optivise Advisory Services LLC Acquires 97 Shares of Invesco QQQ $QQQ

Optivise Advisory Services LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.8% during the 2nd quarter, Holdings Channel reports. The firm owned 3,509 shares of the exchange traded fund’s stock after buying an additional 97 shares during the period. Invesco QQQ makes up approximately 1.0% of Optivise Advisory Services LLC’s investment portfolio, making the stock its 22nd biggest position. Optivise Advisory Services LLC’s holdings in Invesco QQQ were worth $1,936,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in 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 acquiring an additional 4,989 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after purchasing an additional 176 shares during the period. Wealth Group Ltd. lifted its position in shares of Invesco QQQ by 305.2% in the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after purchasing an additional 4,835 shares during the period. Principal Financial Group Inc. lifted its position in shares of Invesco QQQ by 62.6% in the 1st quarter. Principal Financial Group Inc. now owns 46,119 shares of the exchange traded fund’s stock worth $21,626,000 after purchasing an additional 17,750 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Invesco QQQ by 7.7% in the 1st quarter. Bank of New York Mellon Corp now owns 99,906 shares of the exchange traded fund’s stock worth $46,848,000 after purchasing an additional 7,147 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $632.08 on Tuesday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The company has a 50-day simple moving average of $597.93 and a two-hundred day simple moving average of $555.92.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were issued a $0.694 dividend. This represents a $2.78 annualized dividend and a yield of 0.4%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd.

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.