Invesco QQQ $QQQ Stock Position Increased by Wisconsin Wealth Advisors LLC

Wisconsin Wealth Advisors LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 16.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,888 shares of the exchange traded fund’s stock after purchasing an additional 1,141 shares during the period. Invesco QQQ makes up 4.5% of Wisconsin Wealth Advisors LLC’s investment portfolio, making the stock its largest holding. Wisconsin Wealth Advisors LLC’s holdings in Invesco QQQ were worth $4,736,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Dempsey Capital Management LLC bought a new position in shares of Invesco QQQ during the 2nd quarter valued at $30,000. Marshall & Sullivan Inc. WA purchased a new stake in Invesco QQQ during the second quarter valued at $41,000. Moser Wealth Advisors LLC increased its position in Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 93 shares during the last quarter. Ransom Advisory Ltd bought a new position in Invesco QQQ in the first quarter valued at about $70,000. Finally, Barrett & Company Inc. boosted its position in Invesco QQQ by 14.9% in the second 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. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $611.75 on Wednesday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01. The business has a 50-day simple moving average of $613.84 and a two-hundred day simple moving average of $582.32.

Invesco QQQ Increases Dividend

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

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.