Perigon Wealth Management LLC Purchases 5,330 Shares of Invesco QQQ $QQQ

Key Points

• Perigon Wealth Management LLC increased its holdings in Invesco QQQ by 3.0% during the second quarter, now owning 181,412 shares valued at approximately $100 million, making it their fourth largest investment.
• Invesco QQQ recently raised its quarterly dividend to $0.694 per share, up from $0.59, reflecting a yield of 0.5% for investors record by September 22nd.
• Institutional and hedge fund ownership of Invesco QQQ accounts for 44.58% of the stock, with significant increases from firms like Kingstone Capital Partners and Goldman Sachs.

Perigon Wealth Management LLC grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,412 shares of the exchange traded fund's stock after purchasing an additional 5,330 shares during the quarter. Invesco QQQ makes up 2.3% of Perigon Wealth Management LLC's investment portfolio, making the stock its 4th largest position. Perigon Wealth Management LLC's holdings in Invesco QQQ were worth $100,074,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC raised its stake in Invesco QQQ by 704,593.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund's stock worth $37,299,340,000 after acquiring an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Invesco QQQ by 959.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock worth $11,300,023,000 after acquiring an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. acquired a new stake in Invesco QQQ during the 1st quarter worth $2,775,904,000. Northwestern Mutual Wealth Management Co. raised its stake in Invesco QQQ by 1.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund's stock worth $1,501,063,000 after acquiring an additional 52,234 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Invesco QQQ by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock worth $1,163,036,000 after acquiring an additional 54,944 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.4%

Shares of NASDAQ:QQQ opened at $593.53 on Friday. The company's fifty day moving average price is $575.35 and its 200 day moving average price is $526.62. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $602.87.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.5%. This is an increase 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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