Exencial Wealth Advisors LLC Grows Stock Position in Invesco QQQ $QQQ

Key Points

• Exencial Wealth Advisors LLC increased its stake in Invesco QQQ by 6.7%, bringing its total shares to 17,999, valued at nearly $9.93 million.
• Invesco QQQ announced a quarterly dividend of $0.694, a notable increase from its previous dividend of $0.59, with a yield of 0.5%.
• Other institutional investors, including Brookstone Capital Management and D.A. Davidson & CO., significantly raised their stakes in Invesco QQQ during the same quarter, further reflecting strong investor interest.

Exencial Wealth Advisors LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,999 shares of the exchange traded fund's stock after buying an additional 1,127 shares during the quarter. Exencial Wealth Advisors LLC's holdings in Invesco QQQ were worth $9,929,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Brookstone Capital Management raised its stake in Invesco QQQ by 30.6% in the second quarter. Brookstone Capital Management now owns 446,283 shares of the exchange traded fund's stock valued at $246,188,000 after buying an additional 104,475 shares during the last quarter. Chokshi & Queen Wealth Advisors Inc raised its stake in Invesco QQQ by 3.7% in the second quarter. Chokshi & Queen Wealth Advisors Inc now owns 59,920 shares of the exchange traded fund's stock valued at $33,054,000 after buying an additional 2,134 shares during the last quarter. D.A. Davidson & CO. raised its stake in Invesco QQQ by 8.7% in the second quarter. D.A. Davidson & CO. now owns 175,990 shares of the exchange traded fund's stock valued at $97,083,000 after buying an additional 14,030 shares during the last quarter. Smith Thornton Advisors LLC raised its stake in Invesco QQQ by 2.3% in the second quarter. Smith Thornton Advisors LLC now owns 5,165 shares of the exchange traded fund's stock valued at $2,849,000 after buying an additional 114 shares during the last quarter. Finally, Pacific Sun Financial Corp raised its stake in Invesco QQQ by 0.8% in the second quarter. Pacific Sun Financial Corp now owns 5,946 shares of the exchange traded fund's stock valued at $3,280,000 after buying an additional 46 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $611.38 on Wednesday. The stock's 50-day simple moving average is $588.70 and its 200-day simple moving average is $543.16. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18.

Invesco QQQ Increases Dividend

The company 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 is a boost from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd.

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.

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.