Invesco QQQ $QQQ Stock Position Raised by Watershed Private Wealth LLC

Key Points

• Watershed Private Wealth LLC increased its stake in Invesco QQQ by 18.4% during the second quarter, owning 20,226 shares valued at approximately $11.16 million.
• Invesco QQQ announced a quarterly dividend of $0.694 per share, an increase from the previous $0.59, with a yield of 0.5%.
• Shares of Invesco QQQ opened at $611.44 and have experienced significant volatility, with a 52-week range between $402.39 and $611.75.

Watershed Private Wealth LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 18.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,226 shares of the exchange traded fund's stock after purchasing an additional 3,146 shares during the quarter. Invesco QQQ accounts for about 4.1% of Watershed Private Wealth LLC's holdings, making the stock its 6th biggest position. Watershed Private Wealth LLC's holdings in Invesco QQQ were worth $11,158,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Compass Financial Services Inc raised its holdings in Invesco QQQ by 0.4% in the 1st 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 last quarter. Vermillion Wealth Management Inc. raised its holdings in Invesco QQQ by 4.2% in the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund's stock valued at $271,000 after acquiring an additional 20 shares during the last quarter. Barrett & Company Inc. raised its holdings in Invesco QQQ by 14.9% in the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund's stock valued at $85,000 after acquiring an additional 20 shares during the last quarter. MTM Investment Management LLC raised its holdings in Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after acquiring an additional 21 shares during the last quarter. Finally, Cutler Investment Counsel LLC raised its holdings in 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 acquiring an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 1.1%

Shares of QQQ opened at $611.44 on Thursday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $611.75. The stock has a fifty day moving average of $582.26 and a two-hundred day moving average of $534.45.

Invesco QQQ Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is a boost 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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