Invesco QQQ (NASDAQ:QQQ) Stock Holdings Lifted by LWM Advisory Services LLC

LWM Advisory Services LLC lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 47.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,555 shares of the exchange traded fund's stock after purchasing an additional 2,103 shares during the period. Invesco QQQ accounts for about 2.6% of LWM Advisory Services LLC's investment portfolio, making the stock its 10th biggest position. LWM Advisory Services LLC's holdings in Invesco QQQ were worth $3,141,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ in the 1st quarter worth $28,000. Mechanics Financial Corp purchased a new stake in Invesco QQQ during the 2nd quarter valued at about $30,000. Deane Retirement Strategies Inc. purchased a new stake in Invesco QQQ in the first quarter valued at $29,000. Legacy Bridge LLC lifted its holdings in Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund's stock valued at $32,000 after acquiring an additional 64 shares during the period. Finally, Voisard Asset Management Group Inc. acquired a new position in shares of Invesco QQQ in the fourth quarter worth about $35,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.4 %

Shares of QQQ stock traded up $2.12 during trading hours on Friday, hitting $475.34. 28,861,473 shares of the company's stock were exchanged, compared to its average volume of 40,421,605. The firm has a 50 day moving average of $470.51 and a two-hundred day moving average of $456.80. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were paid a $0.7615 dividend. The ex-dividend date of this dividend was Monday, June 24th. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.64%.

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.