Invesco QQQ $QQQ Holdings Raised by Jackson Wealth Management LLC

Jackson Wealth Management LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.9% during the second quarter, Holdings Channel.com reports. The firm owned 20,295 shares of the exchange traded fund’s stock after acquiring an additional 190 shares during the period. Invesco QQQ accounts for about 1.2% of Jackson Wealth Management LLC’s portfolio, making the stock its 18th biggest position. Jackson Wealth Management LLC’s holdings in Invesco QQQ were worth $11,196,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Curran Financial Partners LLC raised its stake in shares of Invesco QQQ by 12.7% during the second quarter. Curran Financial Partners LLC now owns 2,583 shares of the exchange traded fund’s stock valued at $1,425,000 after purchasing an additional 292 shares in the last quarter. Stock Yards Bank & Trust Co. raised its stake in shares of Invesco QQQ by 0.3% during the second quarter. Stock Yards Bank & Trust Co. now owns 11,947 shares of the exchange traded fund’s stock valued at $6,590,000 after purchasing an additional 38 shares in the last quarter. Barrett & Company Inc. raised its stake in shares of Invesco QQQ by 14.9% during the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after purchasing an additional 20 shares in the last quarter. Creative Capital Management Investments LLC raised its stake in shares of Invesco QQQ by 23.2% during the second quarter. Creative Capital Management Investments LLC now owns 488 shares of the exchange traded fund’s stock valued at $269,000 after purchasing an additional 92 shares in the last quarter. Finally, Montz Harcus Wealth Management LLC raised its stake in shares of Invesco QQQ by 2.0% during the second quarter. Montz Harcus Wealth Management LLC now owns 7,518 shares of the exchange traded fund’s stock valued at $4,147,000 after purchasing an additional 148 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $603.18 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $607.33. The firm’s 50-day simple moving average is $579.85 and its 200 day simple moving average is $532.17.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be given a $0.694 dividend. This represents a $2.78 annualized dividend and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date is 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.