Invesco QQQ $QQQ Shares Bought by Welch Group LLC

Key Points

• Welch Group LLC increased its investment in Invesco QQQ by 29.8%, owning a total of 4,839 shares valued at approximately $2.67 million as per their recent SEC filing.
• The Invesco QQQ ETF announced a quarterly dividend of $0.694 per share, which is an increase from the previous dividend of $0.59, reflecting a positive trend for investors.
• As of the latest data, shares of Invesco QQQ have undergone a price fluctuation, currently trading at $602.01, with a 52-week high of $613.18.

Welch Group LLC raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 29.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,839 shares of the exchange traded fund's stock after acquiring an additional 1,110 shares during the period. Welch Group LLC's holdings in Invesco QQQ were worth $2,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ during the second quarter worth about $41,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ during the first quarter worth about $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ during the first quarter worth about $51,000. Blume Capital Management Inc. boosted its stake in shares of Invesco QQQ by 105.0% during the first 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. Finally, Atlantic Private Wealth LLC boosted its stake in shares of Invesco QQQ by 3,000.0% during the first 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. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Up 2.1%

Shares of QQQ opened at $602.01 on Tuesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18. The firm has a 50-day simple moving average of $584.64 and a 200-day simple moving average of $537.61.

Invesco QQQ Increases Dividend

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

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