Clarity Wealth Advisors LLC Boosts Stake in Invesco QQQ $QQQ

Clarity Wealth Advisors LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,377 shares of the exchange traded fund’s stock after purchasing an additional 920 shares during the period. Invesco QQQ comprises 7.4% of Clarity Wealth Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Clarity Wealth Advisors LLC’s holdings in Invesco QQQ were worth $29,997,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Compass Financial Services Inc grew its position in 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 acquiring an additional 19 shares during the period. Vermillion Wealth Management Inc. boosted its stake in shares of Invesco QQQ by 4.2% in the 2nd 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 in the last quarter. Barrett & Company Inc. grew its holdings in shares of Invesco QQQ by 14.9% in the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock worth $85,000 after purchasing an additional 20 shares during the last quarter. waypoint wealth counsel increased its position in shares of Invesco QQQ by 0.6% during the 2nd quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund’s stock worth $1,964,000 after purchasing an additional 20 shares in the last quarter. Finally, Investment Advisory Group LLC increased its position in shares of 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 purchasing an additional 20 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $623.23 on Tuesday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The company’s 50-day moving average price is $602.40 and its two-hundred day moving average price is $561.85.

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 0.4%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.