Wealth Watch Advisors INC Increases Stock Holdings in Invesco QQQ $QQQ

Wealth Watch Advisors INC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 13.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 19,527 shares of the exchange traded fund’s stock after buying an additional 2,385 shares during the quarter. Invesco QQQ makes up 4.7% of Wealth Watch Advisors INC’s holdings, making the stock its 6th largest holding. Wealth Watch Advisors INC’s holdings in Invesco QQQ were worth $11,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of QQQ. Bank of America Corp DE increased its holdings in shares of Invesco QQQ by 381.0% during the 4th quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock worth $12,008,257,000 after purchasing an additional 26,505,055 shares during the period. Corient Private Wealth LLC raised its position in shares of Invesco QQQ by 3,567.7% during the fourth quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock valued at $13,168,912,000 after buying an additional 20,852,432 shares during the last quarter. Delta Global Management LP bought a new stake in shares of Invesco QQQ in the fourth quarter valued at about $821,084,000. Align Financial LLC bought a new stake in shares of Invesco QQQ in the fourth quarter valued at about $78,118,000. Finally, Bank of Montreal Can grew its position in Invesco QQQ by 142.4% during the fourth quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund’s stock worth $877,406,000 after buying an additional 840,803 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $684.25 on Monday. Invesco QQQ has a 12-month low of $551.68 and a 12-month high of $748.65. The stock’s 50-day moving average price is $718.86 and its 200 day moving average price is $656.23.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were given a $0.8135 dividend. The ex-dividend date was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.