Invesco QQQ $QQQ Shares Purchased by Weitzel Financial Services Inc.

Weitzel Financial Services Inc. grew its position in Invesco QQQ (NASDAQ:QQQ) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,006 shares of the exchange traded fund’s stock after purchasing an additional 415 shares during the period. Invesco QQQ comprises approximately 4.1% of Weitzel Financial Services Inc.’s holdings, making the stock its 9th biggest holding. Weitzel Financial Services Inc.’s holdings in Invesco QQQ were worth $9,792,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Brighton Jones LLC raised its stake 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 valued at $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares in the last quarter. Wealth Group Ltd. increased its holdings in Invesco QQQ by 305.2% during the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after purchasing an additional 4,835 shares in the last quarter. Motco raised its position in Invesco QQQ by 5.5% in the 1st quarter. Motco now owns 1,142 shares of the exchange traded fund’s stock valued at $536,000 after purchasing an additional 60 shares during the last quarter. Finally, Bedel Financial Consulting Inc. boosted its stake in Invesco QQQ by 34.4% in the first quarter. Bedel Financial Consulting Inc. now owns 711 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 182 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $590.07 on Monday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01. The stock’s fifty day moving average is $607.15 and its 200-day moving average is $569.73.

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 dividend of $0.694 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.