Surience Private Wealth LLC Invests $11.74 Million in Invesco QQQ $QQQ

Key Points

• Surience Private Wealth LLC has invested approximately $11.74 million in Invesco QQQ by acquiring 21,290 shares, which now represents 11.0% of their investment portfolio.
• Invesco QQQ recently declared a quarterly dividend of $0.694, increasing from the previous quarterly dividend of $0.59, with an annualized yield of 0.5%.
• Invesco QQQ's stock opened at $596.10, with a fifty-two week range between a low of $402.39 and a high of $602.87.

Surience Private Wealth LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 21,290 shares of the exchange traded fund's stock, valued at approximately $11,744,000. Invesco QQQ makes up 11.0% of Surience Private Wealth LLC's investment portfolio, making the stock its 3rd biggest holding.

A number of other institutional investors have also added to or reduced their stakes in QQQ. Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ in the second quarter valued at approximately $41,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ in the 1st quarter worth approximately $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ in the 1st quarter valued at $51,000. Blume Capital Management Inc. boosted its holdings 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 valued at $57,000 after purchasing an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC grew its position 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 valued at $58,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.4%

Invesco QQQ stock opened at $596.10 on Thursday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $602.87. The firm's fifty day moving average price is $574.71 and its 200-day moving average price is $525.78.

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 represents a $2.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd. 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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