Drucker Wealth 3.0 LLC Acquires 10,683 Shares of Invesco QQQ $QQQ

Key Points

• Drucker Wealth 3.0 LLC significantly increased its holdings in Invesco QQQ by 986.4% during the second quarter, now owning 11,766 shares valued at approximately $6.55 million.
• Other institutional investors, including Goldman Sachs and Kingstone Capital Partners, have also made substantial increases to their positions in Invesco QQQ, reflecting growing interest in the ETF.
• Invesco QQQ announced a quarterly dividend of $0.694, up from the previous $0.59, with a payout scheduled for October 31st.

Drucker Wealth 3.0 LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 986.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,766 shares of the exchange traded fund's stock after buying an additional 10,683 shares during the quarter. Invesco QQQ comprises 1.3% of Drucker Wealth 3.0 LLC's portfolio, making the stock its 20th biggest holding. Drucker Wealth 3.0 LLC's holdings in Invesco QQQ were worth $6,545,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Kingstone Capital Partners Texas LLC raised its holdings in shares of 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 buying an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. increased its position in 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 worth $11,300,023,000 after purchasing an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. acquired a new stake in Invesco QQQ in the first quarter worth about $2,775,904,000. Northwestern Mutual Wealth Management Co. increased its position in 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 purchasing an additional 52,234 shares during the period. Finally, Commonwealth Equity Services LLC increased its position 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 worth $1,163,036,000 after purchasing an additional 54,944 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 3.5%

Shares of QQQ stock opened at $589.55 on Friday. The stock has a 50-day moving average price of $583.89 and a 200 day moving average price of $536.30. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $613.18.

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 is a positive change from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%.

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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