Signature Estate & Investment Advisors LLC Boosts Holdings in Invesco QQQ $QQQ

Key Points

• Signature Estate & Investment Advisors LLC increased its holdings in Invesco QQQ by 1.9%, now owning 28,903 shares valued at approximately $15.94 million.
• Invesco QQQ has declared a quarterly dividend of $0.694 per share, up from a previous $0.59, reflecting a dividend yield of 0.5%.
• The stock opened at $603.93 and has a 12-month range, with a low of $402.39 and a high of $613.18.

Signature Estate & Investment Advisors LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,903 shares of the exchange traded fund's stock after purchasing an additional 535 shares during the period. Signature Estate & Investment Advisors LLC's holdings in Invesco QQQ were worth $15,944,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Compass Financial Services Inc increased its stake in shares of Invesco QQQ by 0.4% in the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock worth $2,345,000 after buying an additional 19 shares during the last quarter. Vermillion Wealth Management Inc. increased its stake in shares of Invesco QQQ by 4.2% in the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund's stock worth $271,000 after buying an additional 20 shares during the last quarter. Barrett & Company Inc. increased its stake in shares of Invesco QQQ by 14.9% in the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund's stock worth $85,000 after buying an additional 20 shares during the last quarter. waypoint wealth counsel increased its stake in shares of Invesco QQQ by 0.6% in the second quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund's stock worth $1,964,000 after buying an additional 20 shares during the last quarter. Finally, Investment Advisory Group LLC boosted its holdings in Invesco QQQ by 0.4% in the second quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund's stock worth $3,158,000 after purchasing an additional 20 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.7%

Invesco QQQ stock opened at $603.93 on Friday. The company has a fifty day moving average price of $587.30 and a two-hundred day moving average price of $540.28. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $613.18.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued 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 of this dividend 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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