2,461 Shares in Invesco QQQ $QQQ Bought by Forefront Wealth Management Inc.

Key Points

• Forefront Wealth Management Inc. purchased 2,461 shares of Invesco QQQ valued at approximately $1.36 million in the second quarter.
• Other institutional investors, such as Kingstone Capital Partners, increased their holdings significantly, raising their stake by 704,593.7% during the same period.
• Invesco QQQ announced a quarterly dividend of $0.694 per share, a boost from the previous $0.59, with an ex-dividend date of September 22nd.

Forefront Wealth Management Inc. bought a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,461 shares of the exchange traded fund's stock, valued at approximately $1,357,000.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. Kingstone Capital Partners Texas LLC increased its holdings 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 during the period. Goldman Sachs Group Inc. increased its stake in shares of 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 buying an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. bought a new position in shares of Invesco QQQ during the first quarter worth about $2,775,904,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 worth $1,501,063,000 after acquiring an additional 52,234 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings 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 acquiring an additional 54,944 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $595.97 on Monday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $602.87. The company has a 50 day simple moving average of $576.04 and a two-hundred day simple moving average of $528.24.

Invesco QQQ Increases Dividend

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

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