Blue Zone Wealth Advisors LLC Acquires 571 Shares of Invesco QQQ $QQQ

Key Points

• Blue Zone Wealth Advisors LLC increased its stake in Invesco QQQ by 1.3%, acquiring an additional 571 shares and bringing its total holdings to 44,298 shares, valued at approximately $24.4 million.
• Invesco QQQ announced a quarterly dividend of $0.694 per share, up from the previous $0.59, marking a dividend yield of 0.5%.
• Institutional investors own roughly 44.58% of Invesco QQQ, with various hedge funds adding to their positions during recent quarters.

Blue Zone Wealth Advisors LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,298 shares of the exchange traded fund's stock after acquiring an additional 571 shares during the quarter. Invesco QQQ makes up approximately 6.1% of Blue Zone Wealth Advisors LLC's holdings, making the stock its biggest holding. Blue Zone Wealth Advisors LLC's holdings in Invesco QQQ were worth $24,436,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Marshall & Sullivan Inc. WA bought a new position in Invesco QQQ in the 2nd quarter worth about $41,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ in the 1st quarter worth about $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ in the 1st quarter worth about $51,000. Blume Capital Management Inc. grew its position in Invesco QQQ by 105.0% in 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 last quarter. Finally, Atlantic Private Wealth LLC grew its position in Invesco QQQ by 3,000.0% in 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 last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $589.55 on Friday. The company has a 50-day moving average price of $583.89 and a two-hundred day moving average price of $536.30. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $613.18.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a $0.694 dividend. 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.