Daymark Wealth Partners LLC Purchases 609 Shares of Invesco QQQ $QQQ

Daymark Wealth Partners LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 3.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,499 shares of the exchange traded fund’s stock after purchasing an additional 609 shares during the period. Daymark Wealth Partners LLC’s holdings in Invesco QQQ were worth $11,308,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in QQQ. Kingstone Capital Partners Texas LLC lifted its stake in Invesco QQQ by 704,593.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after purchasing an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Invesco QQQ by 959.6% in the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after purchasing an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. purchased a new position in shares of Invesco QQQ in the first quarter valued at about $2,775,904,000. Spear Holdings RSC Ltd purchased a new position in shares of Invesco QQQ during the first quarter valued at about $474,600,000. Finally, Altimeter Capital Management LP purchased a new position in shares of Invesco QQQ during the first quarter valued at about $463,293,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $632.92 on Wednesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $634.68. The firm’s 50-day simple moving average is $592.90 and its two-hundred day simple moving average is $550.17.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a $0.694 dividend. This represents a $2.78 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, September 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

About Invesco QQQ

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.