Invesco QQQ $QQQ Shares Bought by Nordwand Advisors LLC

Nordwand Advisors LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 669.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 300 shares of the exchange traded fund’s stock after purchasing an additional 261 shares during the quarter. Nordwand Advisors LLC’s holdings in Invesco QQQ were worth $165,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares during the period. Wealth Group Ltd. increased its position in shares of Invesco QQQ by 305.2% during the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after purchasing an additional 4,835 shares during the period. Obermeyer Wealth Partners raised its stake in shares of Invesco QQQ by 3.6% in the 1st quarter. Obermeyer Wealth Partners now owns 37,362 shares of the exchange traded fund’s stock worth $17,520,000 after buying an additional 1,291 shares in the last quarter. Finally, Ignite Planners LLC raised its stake in shares of Invesco QQQ by 85.3% in the 1st quarter. Ignite Planners LLC now owns 7,989 shares of the exchange traded fund’s stock worth $3,848,000 after buying an additional 3,677 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $596.31 on Wednesday. The business has a fifty day simple moving average of $606.67 and a 200-day simple moving average of $567.44. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were issued a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. 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.

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.