Optivise Advisory Services LLC Acquires 97 Shares of Invesco QQQ $QQQ

Optivise Advisory Services LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,509 shares of the exchange traded fund’s stock after purchasing an additional 97 shares during the period. Invesco QQQ comprises about 1.0% of Optivise Advisory Services LLC’s investment portfolio, making the stock its 22nd biggest position. Optivise Advisory Services LLC’s holdings in Invesco QQQ were worth $1,936,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Morgan Dempsey Capital Management LLC bought a new position in shares of Invesco QQQ during the second quarter valued at about $30,000. Marshall & Sullivan Inc. WA bought a new position in Invesco QQQ during the 2nd quarter worth approximately $41,000. Moser Wealth Advisors LLC grew its position 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 worth $57,000 after acquiring an additional 93 shares during the last quarter. Blume Capital Management Inc. grew its position in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC grew its position 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 acquiring an additional 120 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $632.08 on Tuesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The stock’s 50 day simple moving average is $597.93 and its 200 day simple moving average is $555.92.

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 issued a $0.694 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a dividend yield of 0.4%. The ex-dividend date 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.