Invesco QQQ $QQQ Shares Acquired by Centurion Wealth Management LLC

Key Points

• Centurion Wealth Management LLC increased its stake in Invesco QQQ by 35.8%, acquiring an additional 826 shares, bringing their total to 3,132 shares valued at $1,728,000.
• Other institutional investors have also raised their positions in Invesco QQQ, contributing to the fact that 44.58% of the stock is owned by institutional investors.
• The company recently announced a quarterly dividend of $0.5911, yielding 0.4%, with an ex-dividend date of June 23rd.

Centurion Wealth Management LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 35.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,132 shares of the exchange traded fund's stock after buying an additional 826 shares during the period. Centurion Wealth Management LLC's holdings in Invesco QQQ were worth $1,728,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Taylor & Morgan Wealth Management LLC boosted its holdings in Invesco QQQ by 0.7% in the second quarter. Taylor & Morgan Wealth Management LLC now owns 8,032 shares of the exchange traded fund's stock valued at $4,431,000 after purchasing an additional 57 shares during the last quarter. Wilson & Boucher Capital Management LLC boosted its holdings in Invesco QQQ by 2.2% in the 2nd quarter. Wilson & Boucher Capital Management LLC now owns 1,898 shares of the exchange traded fund's stock valued at $1,047,000 after purchasing an additional 41 shares during the last quarter. TrueWealth Advisors LLC boosted its holdings in Invesco QQQ by 0.5% in the 2nd quarter. TrueWealth Advisors LLC now owns 20,652 shares of the exchange traded fund's stock valued at $11,392,000 after purchasing an additional 108 shares during the last quarter. Fiduciary Financial Group LLC boosted its holdings in Invesco QQQ by 3.6% in the 2nd quarter. Fiduciary Financial Group LLC now owns 11,778 shares of the exchange traded fund's stock valued at $6,442,000 after purchasing an additional 404 shares during the last quarter. Finally, City Center Advisors LLC raised its stake in shares of Invesco QQQ by 10.1% in the 2nd quarter. City Center Advisors LLC now owns 2,583 shares of the exchange traded fund's stock valued at $1,425,000 after acquiring an additional 238 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded down $0.22 on Tuesday, reaching $591.47. The company had a trading volume of 28,618,667 shares, compared to its average volume of 45,221,633. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $592.86. The firm's 50 day moving average price is $569.03 and its two-hundred day moving average price is $521.27.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given a $0.5911 dividend. 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 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.