Invesco QQQ $QQQ is Quadcap Wealth Management LLC’s 9th Largest Position

Quadcap Wealth Management LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 19.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 21,794 shares of the exchange traded fund’s stock after buying an additional 3,559 shares during the period. Invesco QQQ accounts for 1.5% of Quadcap Wealth Management LLC’s investment portfolio, making the stock its 9th largest holding. Quadcap Wealth Management LLC’s holdings in Invesco QQQ were worth $12,023,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Morgan Dempsey Capital Management LLC purchased a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $30,000. Marshall & Sullivan Inc. WA purchased a new position in shares of Invesco QQQ in the second quarter valued at $41,000. Moser Wealth Advisors LLC grew its holdings in Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 93 shares in the last quarter. Atlantic Private Wealth LLC increased its stake in 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 worth $58,000 after buying an additional 120 shares during the period. Finally, Ransom Advisory Ltd acquired a new position in Invesco QQQ in the 1st quarter worth $70,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock opened at $590.07 on Monday. The firm has a 50 day simple moving average of $607.15 and a 200-day simple moving average of $569.73. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were issued a $0.694 dividend. 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 annualized dividend and a yield of 0.5%.

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.