Invesco QQQ $QQQ is Jacksonville Wealth Management LLC’s 3rd Largest Position

Jacksonville Wealth Management LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 8.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,670 shares of the exchange traded fund’s stock after acquiring an additional 1,584 shares during the period. Invesco QQQ makes up 8.7% of Jacksonville Wealth Management LLC’s portfolio, making the stock its 3rd biggest position. Jacksonville Wealth Management LLC’s holdings in Invesco QQQ were worth $10,851,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Morgan Dempsey Capital Management LLC acquired a new stake in Invesco QQQ in the 2nd quarter valued at $30,000. Marshall & Sullivan Inc. WA purchased a new stake in shares of Invesco QQQ in the second quarter worth about $41,000. Blume Capital Management Inc. boosted its position in shares of Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 2,536 shares during the period. Moser Wealth Advisors LLC grew its stake in shares of Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 93 shares in the last quarter. Finally, Atlantic Private Wealth LLC raised its holdings in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 120 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $608.40 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The stock’s 50 day moving average price is $605.20 and its 200 day moving average price is $563.62.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were given a dividend of $0.694 per share. The ex-dividend date of this dividend was Monday, September 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%.

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.