Silvia Mccoll Wealth Management LLC Purchases 75 Shares of Invesco QQQ $QQQ

Silvia Mccoll Wealth Management LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,879 shares of the exchange traded fund’s stock after buying an additional 75 shares during the quarter. Invesco QQQ accounts for about 1.2% of Silvia Mccoll Wealth Management LLC’s portfolio, making the stock its 24th biggest holding. Silvia Mccoll Wealth Management LLC’s holdings in Invesco QQQ were worth $1,588,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC grew its stake in Invesco QQQ by 704,593.7% in the second 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 in the last quarter. Goldman Sachs Group Inc. grew its stake in Invesco QQQ by 959.6% in the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock valued at $11,300,023,000 after purchasing an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. bought a new position in Invesco QQQ in the first quarter valued at approximately $2,775,904,000. Northwestern Mutual Wealth Management Co. grew its stake in Invesco QQQ by 1.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund’s stock valued at $1,501,063,000 after purchasing an additional 52,234 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Invesco QQQ by 2.3% in the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock valued at $1,163,036,000 after purchasing an additional 54,944 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $603.18 on Monday. The business has a 50 day moving average price of $579.85 and a two-hundred day moving average price of $532.54. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $607.33.

Invesco QQQ Increases Dividend

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

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.