Westwood Wealth Management Grows Holdings in Invesco QQQ $QQQ

Westwood Wealth Management grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,340 shares of the exchange traded fund’s stock after purchasing an additional 260 shares during the quarter. Invesco QQQ makes up approximately 1.0% of Westwood Wealth Management’s investment portfolio, making the stock its 16th largest position. Westwood Wealth Management’s holdings in Invesco QQQ were worth $2,946,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Morgan Dempsey Capital Management LLC bought a new position in Invesco QQQ in the 2nd quarter worth about $30,000. Marshall & Sullivan Inc. WA purchased a new stake in shares of Invesco QQQ in the second quarter valued at approximately $41,000. Moser Wealth Advisors LLC grew its stake in Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 93 shares in the last quarter. Blume Capital Management Inc. increased its holdings 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 purchasing an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC increased its holdings 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 purchasing an additional 120 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.5%

Shares of NASDAQ QQQ opened at $629.07 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The business has a fifty day simple moving average of $596.70 and a two-hundred day simple moving average of $553.82.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were issued a $0.694 dividend. The ex-dividend date was Monday, September 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend 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.