Laurel Wealth Advisors LLC Raises Stock Holdings in Invesco QQQ $QQQ

Laurel Wealth Advisors LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 54,491.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 313,357 shares of the exchange traded fund’s stock after purchasing an additional 312,783 shares during the period. Laurel Wealth Advisors LLC’s holdings in Invesco QQQ were worth $172,860,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in QQQ. Morgan Dempsey Capital Management LLC purchased a new stake in Invesco QQQ in the second quarter valued at $30,000. Marshall & Sullivan Inc. WA purchased a new position in shares of Invesco QQQ during the 2nd quarter valued at about $41,000. Moser Wealth Advisors LLC lifted its holdings in shares of Invesco QQQ by 930.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 93 shares during the period. Atlantic Private Wealth LLC boosted its stake in shares of Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 120 shares during the last quarter. Finally, Ransom Advisory Ltd purchased a new position in Invesco QQQ during the first quarter valued at approximately $70,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 2.6%

NASDAQ:QQQ opened at $605.16 on Tuesday. The company has a 50 day moving average price of $607.42 and a 200-day moving average price of $570.55. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were given a $0.694 dividend. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd.

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.