Invesco QQQ $QQQ Shares Bought by Buska Wealth Management LLC

Key Points

• Buska Wealth Management LLC increased its stake in Invesco QQQ by 13.0% during the second quarter, now owning 38,299 shares valued at approximately $21.1 million.
• Invesco QQQ has experienced significant investments from other institutional investors, with Goldman Sachs Group Inc. increasing its stake by 959.6% in the first quarter.
• The company recently declared a quarterly dividend of $0.694 per share, representing an increase from the previous dividend of $0.59, effective October 31st.

Buska Wealth Management LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 13.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,299 shares of the exchange traded fund's stock after buying an additional 4,412 shares during the period. Invesco QQQ accounts for about 5.8% of Buska Wealth Management LLC's investment portfolio, making the stock its 5th biggest holding. Buska Wealth Management LLC's holdings in Invesco QQQ were worth $21,128,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ during the second quarter worth $41,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ during the first quarter worth about $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ during the 1st quarter worth about $51,000. Blume Capital Management Inc. increased its stake in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after acquiring an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC raised its position in shares of 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 valued at $58,000 after acquiring an additional 120 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.5%

Invesco QQQ stock traded up $2.85 during midday trading on Monday, hitting $602.20. 57,065,386 shares of the stock were exchanged, compared to its average volume of 47,450,008. The company has a fifty day simple moving average of $573.11 and a two-hundred day simple moving average of $524.79. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $602.87.

Invesco QQQ Increases Dividend

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

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.