Westbourne Investment Advisors Inc. Invests $2.35 Million in Invesco QQQ $QQQ

Westbourne Investment Advisors Inc. acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,267 shares of the exchange traded fund’s stock, valued at approximately $2,354,000.

Several other institutional investors have also recently bought and sold shares of the company. Morgan Dempsey Capital Management LLC acquired a new position in Invesco QQQ during the second quarter worth $30,000. Marshall & Sullivan Inc. WA acquired a new stake in Invesco QQQ in the 2nd quarter valued at $41,000. Moser Wealth Advisors LLC lifted its position in Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 93 shares in the last quarter. Blume Capital Management Inc. boosted its stake in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC grew its holdings in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 120 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.2%

NASDAQ:QQQ opened at $623.23 on Tuesday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01. The stock’s 50-day simple moving average is $602.40 and its 200 day simple moving average is $561.85.

Invesco QQQ Increases Dividend

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

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.