Greenup Street Wealth Management LLC Raises Holdings in Invesco QQQ $QQQ

Key Points

• Greenup Street Wealth Management LLC increased its holdings in Invesco QQQ by 11.6%, owning 114,614 shares valued at approximately $63.2 million, making QQQ its second largest investment.
• Invesco QQQ announced a quarterly dividend of $0.694 per share, reflecting a 0.5% yield, a raise from the previous dividend of $0.59.
• As of the latest data, 44.58% of Invesco QQQ's stock is held by institutional investors, indicating strong interest from large entities.

Greenup Street Wealth Management LLC grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,614 shares of the exchange traded fund's stock after purchasing an additional 11,955 shares during the period. Invesco QQQ makes up approximately 11.0% of Greenup Street Wealth Management LLC's investment portfolio, making the stock its 2nd largest holding. Greenup Street Wealth Management LLC's holdings in Invesco QQQ were worth $63,226,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Compass Financial Services Inc raised its holdings in Invesco QQQ by 0.4% during the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock worth $2,345,000 after acquiring an additional 19 shares in the last quarter. Vermillion Wealth Management Inc. raised its holdings in Invesco QQQ by 4.2% during the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund's stock worth $271,000 after acquiring an additional 20 shares in the last quarter. Barrett & Company Inc. raised its holdings in Invesco QQQ by 14.9% during the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund's stock worth $85,000 after acquiring an additional 20 shares in the last quarter. waypoint wealth counsel raised its holdings in Invesco QQQ by 0.6% during the second quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund's stock worth $1,964,000 after acquiring an additional 20 shares in the last quarter. Finally, Investment Advisory Group LLC raised its holdings in Invesco QQQ by 0.4% during the second quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund's stock worth $3,158,000 after acquiring an additional 20 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 1.3%

QQQ opened at $611.54 on Tuesday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $613.18. The business's 50-day simple moving average is $588.07 and its 200 day simple moving average is $542.68.

Invesco QQQ Increases Dividend

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

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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