Strata Wealth Advisors LLC lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 104.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,881 shares of the exchange traded fund's stock after buying an additional 1,471 shares during the period. Invesco QQQ makes up about 0.4% of Strata Wealth Advisors LLC's portfolio, making the stock its 28th largest position. Strata Wealth Advisors LLC's holdings in Invesco QQQ were worth $1,589,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Morgan Dempsey Capital Management LLC purchased a new position in shares of Invesco QQQ in the 2nd quarter worth approximately $30,000. Marshall & Sullivan Inc. WA acquired a new stake in Invesco QQQ in the 2nd quarter worth approximately $41,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the 1st quarter worth approximately $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ in the 1st quarter worth approximately $51,000. Finally, Blume Capital Management Inc. boosted its stake in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after purchasing an additional 2,536 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Up 0.4%
QQQ stock traded up $2.36 during trading on Thursday, reaching $607.85. The company had a trading volume of 6,788,063 shares, compared to its average volume of 46,694,105. The firm has a 50-day simple moving average of $589.20 and a 200-day simple moving average of $543.59. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $613.18.
Invesco QQQ Increases Dividend
The firm also recently disclosed 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 represents a $2.78 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, September 22nd. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.59.
Invesco QQQ Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

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