Henrickson Nauta Wealth Advisors Inc. Purchases 591 Shares of Invesco QQQ $QQQ

Key Points

• Henrickson Nauta Wealth Advisors Inc. acquired an additional 591 shares of Invesco QQQ in the second quarter, increasing their position by 106.7% to a total value of $632,000.
• Various hedge funds have also adjusted their holdings in Invesco QQQ, with contributions ranging from an 11.5% increase by First National Corp MA ADV to a significant 413.7% increase by Northstar Advisory Group LLC.
• The most recent dividend paid for Invesco QQQ was $0.5911 per share, with an annualized yield of 0.4%.

Henrickson Nauta Wealth Advisors Inc. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 106.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,145 shares of the exchange traded fund's stock after acquiring an additional 591 shares during the period. Henrickson Nauta Wealth Advisors Inc.'s holdings in Invesco QQQ were worth $632,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of QQQ. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the 1st quarter valued at approximately $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ in the 1st quarter worth approximately $51,000. Blume Capital Management Inc. boosted its holdings in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after buying an additional 2,536 shares during the period. Atlantic Private Wealth LLC boosted its holdings in 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 worth $58,000 after buying an additional 120 shares during the period. Finally, Putney Financial Group LLC bought a new position in Invesco QQQ in the 4th quarter worth approximately $67,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.1%

QQQ traded down $0.50 on Tuesday, hitting $591.18. The company's stock had a trading volume of 36,887,253 shares, compared to its average volume of 47,594,036. The company's 50 day simple moving average is $569.81 and its 200-day simple moving average is $521.75. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $592.86.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were issued a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.4%.

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.