QTR Family Wealth LLC Acquires 2,562 Shares of Invesco QQQ $QQQ

Key Points

• QTR Family Wealth LLC increased its holdings in Invesco QQQ by 49.3% during the 2nd quarter, now owning 7,763 shares worth approximately $4.28 million.
• Invesco QQQ recently declared a dividend of $0.694 per share, up from the previous $0.59, to be paid on October 31st.
• Institutional investors own 44.58% of Invesco QQQ, with significant increases in holdings reported by firms like Kingstone Capital and Goldman Sachs.

QTR Family Wealth LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 49.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,763 shares of the exchange traded fund's stock after purchasing an additional 2,562 shares during the quarter. Invesco QQQ comprises 2.7% of QTR Family Wealth LLC's portfolio, making the stock its 9th biggest holding. QTR Family Wealth LLC's holdings in Invesco QQQ were worth $4,282,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC grew its position in Invesco QQQ by 704,593.7% during the second 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 buying an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Invesco QQQ by 959.6% during the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock worth $11,300,023,000 after buying an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. acquired a new stake in Invesco QQQ during the first quarter worth about $2,775,904,000. Northwestern Mutual Wealth Management Co. grew its position in Invesco QQQ by 1.7% during the first 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 buying an additional 52,234 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Invesco QQQ by 2.3% during the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock worth $1,163,036,000 after buying an additional 54,944 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock opened at $603.25 on Thursday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $603.79. The business's 50-day simple moving average is $578.30 and its 200 day simple moving average is $530.08.

Invesco QQQ Increases Dividend

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

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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