Invesco QQQ $QQQ Shares Purchased by Flagship Private Wealth LLC

Flagship Private Wealth LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 9.0% during the 2nd quarter, Holdings Channel reports. The firm owned 14,882 shares of the exchange traded fund’s stock after purchasing an additional 1,230 shares during the quarter. Invesco QQQ makes up about 3.5% of Flagship Private Wealth LLC’s investment portfolio, making the stock its 8th biggest position. Flagship Private Wealth LLC’s holdings in Invesco QQQ were worth $8,210,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Compass Financial Services Inc raised its holdings 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 last quarter. Vermillion Wealth Management Inc. grew its stake in shares of Invesco QQQ by 4.2% during the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock valued at $271,000 after purchasing an additional 20 shares during the last quarter. Barrett & Company Inc. increased its holdings in shares of Invesco QQQ by 14.9% in the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after purchasing an additional 20 shares in the last quarter. waypoint wealth counsel increased its holdings in shares of Invesco QQQ by 0.6% in the second quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund’s stock valued at $1,964,000 after purchasing an additional 20 shares in the last quarter. Finally, Investment Advisory Group LLC lifted its holdings in Invesco QQQ by 0.4% during the 2nd quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund’s stock worth $3,158,000 after buying an additional 20 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.7%

Shares of QQQ opened at $623.28 on Thursday. The business’s fifty day moving average price is $599.86 and its two-hundred day moving average price is $557.61. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ Increases Dividend

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

Invesco QQQ 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.