Fourth Dimension Wealth LLC Purchases 1,059 Shares of Invesco QQQ $QQQ

Fourth Dimension Wealth LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 14.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,520 shares of the exchange traded fund’s stock after purchasing an additional 1,059 shares during the period. Invesco QQQ makes up approximately 2.0% of Fourth Dimension Wealth LLC’s investment portfolio, making the stock its 13th biggest holding. Fourth Dimension Wealth LLC’s holdings in Invesco QQQ were worth $4,700,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. GSG Advisors LLC raised its holdings in shares of Invesco QQQ by 8.2% in the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock valued at $3,600,000 after acquiring an additional 585 shares in the last quarter. Amundi grew its holdings in Invesco QQQ by 6.3% during the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock worth $49,980,000 after acquiring an additional 6,600 shares in the last quarter. Greykasell Wealth Strategies Inc. grew its holdings in Invesco QQQ by 8.4% during the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock worth $3,649,000 after acquiring an additional 605 shares in the last quarter. AM Investment Strategies LLC grew its holdings in Invesco QQQ by 46.5% during the 1st quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock worth $904,000 after acquiring an additional 612 shares in the last quarter. Finally, Banco Santander S.A. grew its holdings in Invesco QQQ by 100.2% during the 1st quarter. Banco Santander S.A. now owns 75,125 shares of the exchange traded fund’s stock worth $35,228,000 after acquiring an additional 37,605 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.0%

Shares of Invesco QQQ stock opened at $619.25 on Wednesday. The firm’s 50-day moving average is $598.87 and its two-hundred day moving average is $557.15. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors 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 is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.4%.

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.