Boyum Wealth Architects LLC Has $1.78 Million Stock Holdings in Invesco QQQ $QQQ

Key Points

• Boyum Wealth Architects LLC increased its holdings in Invesco QQQ by 37.4%, owning 3,220 shares valued at approximately $1.78 million as of its latest SEC filing.
• Other institutional investors have also raised their stakes in Invesco QQQ, contributing to a total institutional ownership of 44.58% in the company.
• Invesco QQQ's stock price recently opened at $591.68, with a significant dividend yield of 0.4%, despite recent stock price fluctuations.

Boyum Wealth Architects LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 37.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,220 shares of the exchange traded fund's stock after purchasing an additional 876 shares during the quarter. Invesco QQQ makes up 1.3% of Boyum Wealth Architects LLC's holdings, making the stock its 16th biggest position. Boyum Wealth Architects LLC's holdings in Invesco QQQ were worth $1,776,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after buying an additional 176 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $11,247,000. Westwood Holdings Group Inc. lifted its holdings in shares of Invesco QQQ by 246.2% during the fourth quarter. Westwood Holdings Group Inc. now owns 38,218 shares of the exchange traded fund's stock worth $19,538,000 after buying an additional 27,178 shares in the last quarter. Finally, WBI Investments LLC lifted its holdings in shares of Invesco QQQ by 12.7% during the fourth quarter. WBI Investments LLC now owns 8,194 shares of the exchange traded fund's stock worth $4,189,000 after buying an additional 923 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ opened at $591.68 on Tuesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $591.79. The stock has a fifty day moving average of $569.03 and a 200-day moving average of $521.27.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. 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%.

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.

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