NWF Advisory Services Inc. Grows Stake in Invesco QQQ $QQQ

NWF Advisory Services Inc. boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 17.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,344 shares of the exchange traded fund’s stock after acquiring an additional 2,370 shares during the quarter. Invesco QQQ accounts for 1.1% of NWF Advisory Services Inc.’s portfolio, making the stock its 25th biggest holding. NWF Advisory Services Inc.’s holdings in Invesco QQQ were worth $9,017,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC increased its position in shares of Invesco QQQ by 704,593.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after purchasing an additional 67,605,770 shares during the last quarter. 1832 Asset Management L.P. grew its position in Invesco QQQ by 100.0% during the second quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock valued at $1,167,000 after buying an additional 40,999,982 shares during the period. Symphony Financial Ltd. Co. bought a new stake in Invesco QQQ during the second quarter valued at approximately $1,236,482,000. HRT Financial LP increased its holdings in Invesco QQQ by 118.3% during the second quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock valued at $1,735,226,000 after buying an additional 1,704,600 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Invesco QQQ by 42.4% in the second quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after acquiring an additional 1,457,109 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.9%

Shares of Invesco QQQ stock opened at $613.62 on Monday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The company’s fifty day simple moving average is $613.64 and its 200-day simple moving average is $581.01.

Invesco QQQ Increases Dividend

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

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.