Heritage Wealth Management LLC Acquires New Position in Invesco QQQ Trust (NASDAQ:QQQ)

Heritage Wealth Management LLC acquired a new stake in Invesco QQQ Trust (NASDAQ:QQQ) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 1,104 shares of the exchange traded fund’s stock, valued at approximately $391,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Investors Research Corp raised its holdings in Invesco QQQ Trust by 126.5% in the second quarter. Investors Research Corp now owns 77 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 43 shares during the period. Annapolis Financial Services LLC grew its position in Invesco QQQ Trust by 31.0% in the second quarter. Annapolis Financial Services LLC now owns 131 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 31 shares in the last quarter. Logan Capital Management Inc. bought a new position in Invesco QQQ Trust in the first quarter valued at $44,000. Moisand Fitzgerald Tamayo LLC grew its position in Invesco QQQ Trust by 563.6% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 146 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 124 shares in the last quarter. Finally, Bradley & Co. Private Wealth Management LLC bought a new position in Invesco QQQ Trust in the first quarter valued at $48,000. Institutional investors own 44.18% of the company’s stock.

Invesco QQQ Trust stock traded up $2.20 during mid-day trading on Wednesday, reaching $368.35. The company’s stock had a trading volume of 717,671 shares, compared to its average volume of 41,995,016. Invesco QQQ Trust has a 12 month low of $261.22 and a 12 month high of $382.78. The business’s 50 day simple moving average is $370.18 and its 200 day simple moving average is $346.87.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 29th. Investors of record on Tuesday, September 21st will be given a $0.414 dividend. The ex-dividend date is Monday, September 20th. This represents a $1.66 dividend on an annualized basis and a yield of 0.45%. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.40.

Invesco QQQ Trust 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.

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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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