Invesco QQQ $QQQ Shares Acquired by Avior Wealth Management LLC

Key Points

• Avior Wealth Management LLC increased its holdings in Invesco QQQ by 2.4% during Q2, owning a total of 20,054 shares valued at approximately $11.06 million.
• Invesco QQQ declared a quarterly dividend of $0.694, representing an annual yield of 0.5%, which is higher than the previous dividend of $0.59.
• The stock opened at $595.97 and has experienced a 52-week trading range between $402.39 and $602.87.

Avior Wealth Management LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,054 shares of the exchange traded fund's stock after acquiring an additional 467 shares during the period. Avior Wealth Management LLC's holdings in Invesco QQQ were worth $11,063,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Compass Financial Services Inc lifted its holdings in Invesco QQQ by 0.4% in the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock valued at $2,345,000 after acquiring an additional 19 shares during the period. MTM Investment Management LLC increased its holdings in shares of Invesco QQQ by 1.6% during the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after purchasing an additional 21 shares in the last quarter. Cutler Investment Counsel LLC lifted its stake in shares of Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after purchasing an additional 21 shares during the period. Occidental Asset Management LLC boosted its holdings in Invesco QQQ by 1.7% during the second quarter. Occidental Asset Management LLC now owns 1,230 shares of the exchange traded fund's stock worth $678,000 after buying an additional 21 shares in the last quarter. Finally, Riverbend Wealth Management LLC grew its position in Invesco QQQ by 0.3% during the first quarter. Riverbend Wealth Management LLC now owns 8,172 shares of the exchange traded fund's stock valued at $3,832,000 after buying an additional 22 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.4%

QQQ opened at $595.97 on Monday. The company has a fifty day moving average of $576.04 and a two-hundred day moving average of $528.24. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $602.87.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors 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 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.

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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