Invesco QQQ $QQQ is Fingerlakes Wealth Management Inc.'s 2nd Largest Position

Key Points

• Fingerlakes Wealth Management Inc. has decreased its stake in Invesco QQQ by 3.8%, making it the fund's 2nd largest position with holdings worth $8,021,000 as of the latest filing.
• Invesco QQQ recently announced a quarterly dividend of $0.694 to be paid on October 31st, marking an increase from the previous dividend of $0.59.
• As of the latest data, Invesco QQQ's price range has seen a low of $402.39 and a high of $613.18 over the past 12 months.

Fingerlakes Wealth Management Inc. decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,540 shares of the exchange traded fund's stock after selling 573 shares during the quarter. Invesco QQQ comprises about 6.0% of Fingerlakes Wealth Management Inc.'s investment portfolio, making the stock its 2nd biggest holding. Fingerlakes Wealth Management Inc.'s holdings in Invesco QQQ were worth $8,021,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. IMG Wealth Management Inc. increased its holdings in shares of Invesco QQQ by 3.3% in the 2nd quarter. IMG Wealth Management Inc. now owns 12,607 shares of the exchange traded fund's stock worth $6,955,000 after purchasing an additional 399 shares in the last quarter. Advantage Trust Co bought a new stake in shares of Invesco QQQ in the 2nd quarter worth $165,000. Lionsbridge Wealth Management LLC bought a new stake in shares of Invesco QQQ in the 2nd quarter worth $5,569,000. Greenup Street Wealth Management LLC increased its holdings in shares of Invesco QQQ by 11.6% in the 2nd quarter. Greenup Street Wealth Management LLC now owns 114,614 shares of the exchange traded fund's stock worth $63,226,000 after purchasing an additional 11,955 shares in the last quarter. Finally, Jackson Thornton Wealth Management LLC bought a new stake in shares of Invesco QQQ in the 2nd quarter worth $217,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $611.54 on Tuesday. The stock has a fifty day simple moving average of $588.07 and a two-hundred day simple moving average of $542.68. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $613.18.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be issued a $0.694 dividend. 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. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.59.

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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