Rockwood Wealth Management LLC Increases Holdings in Invesco QQQ $QQQ

Key Points

• Rockwood Wealth Management LLC increased its stake in Invesco QQQ by 51.7% during the second quarter, purchasing an additional 915 shares to hold a total of 2,686 shares valued at approximately $1.48 million.
• Various large investors, including Compass Financial Services Inc and MTM Investment Management LLC, have also increased their holdings in Invesco QQQ, indicating growing institutional interest.
• Invesco QQQ's current share price is $599.35, with a 12-month high of $600.05 and a low of $402.39, reflecting a strong performance over the past year.

Rockwood Wealth Management LLC boosted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 51.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,686 shares of the exchange traded fund's stock after buying an additional 915 shares during the period. Rockwood Wealth Management LLC's holdings in Invesco QQQ were worth $1,482,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ during the 1st quarter worth $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ during the 1st quarter worth $51,000. Blume Capital Management Inc. raised its stake in shares of Invesco QQQ by 105.0% during the 1st 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 last quarter. Atlantic Private Wealth LLC raised its stake in shares of Invesco QQQ by 3,000.0% during the 1st 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 last quarter. Finally, Putney Financial Group LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth $67,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.5%

Shares of NASDAQ:QQQ traded up $2.85 during midday trading on Monday, hitting $602.20. 56,459,440 shares of the stock were exchanged, compared to its average volume of 45,624,348. The company has a 50 day moving average price of $572.19 and a 200-day moving average price of $524.01. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $602.87.

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 issued a $0.694 dividend. This is a boost from Invesco QQQ's previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.5%.

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.