Westshore Wealth LLC Has $560,000 Stake in Invesco QQQ $QQQ

Westshore Wealth LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,016 shares of the exchange traded fund’s stock after buying an additional 28 shares during the period. Westshore Wealth LLC’s holdings in Invesco QQQ were worth $560,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Pallas Capital Advisors LLC grew its stake in Invesco QQQ by 9.4% during the second quarter. Pallas Capital Advisors LLC now owns 15,523 shares of the exchange traded fund’s stock worth $8,563,000 after buying an additional 1,339 shares in the last quarter. Affinity Capital Advisors LLC grew its stake in Invesco QQQ by 11.1% during the second quarter. Affinity Capital Advisors LLC now owns 7,028 shares of the exchange traded fund’s stock worth $3,877,000 after buying an additional 701 shares in the last quarter. Mirador Capital Partners LP grew its stake in Invesco QQQ by 2.6% during the second quarter. Mirador Capital Partners LP now owns 4,852 shares of the exchange traded fund’s stock worth $2,677,000 after buying an additional 121 shares in the last quarter. Goelzer Investment Management Inc. grew its stake in Invesco QQQ by 1.2% during the second quarter. Goelzer Investment Management Inc. now owns 3,898 shares of the exchange traded fund’s stock worth $2,150,000 after buying an additional 46 shares in the last quarter. Finally, David J Yvars Group grew its stake in Invesco QQQ by 0.3% during the second quarter. David J Yvars Group now owns 28,479 shares of the exchange traded fund’s stock worth $15,709,000 after buying an additional 84 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.1%

Shares of Invesco QQQ stock opened at $591.18 on Wednesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $592.86. The firm’s 50-day moving average price is $569.81 and its two-hundred day moving average price is $521.75.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%.

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.