WBH Advisory Inc. Purchases 916 Shares of Invesco QQQ (NASDAQ:QQQ)

Key Points

• WBH Advisory Inc. increased its holdings in Invesco QQQ by 8.3%, acquiring an additional 916 shares, bringing its total to 11,900 shares valued at approximately $5,580,000.
• Invesco QQQ recently announced a quarterly dividend of $0.5911, with a dividend yield of 0.4%, paid to stockholders on June 23rd.
• Institutional investors currently own 44.58% of Invesco QQQ, with significant stakes acquired by firms like Wilkins Miller Wealth Management and Phoenix Financial Ltd.

WBH Advisory Inc. increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,900 shares of the exchange traded fund's stock after acquiring an additional 916 shares during the period. WBH Advisory Inc.'s holdings in Invesco QQQ were worth $5,580,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Wilkins Miller Wealth Management LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $1,018,000. Sentinus LLC boosted its position in Invesco QQQ by 17.6% in the 4th quarter. Sentinus LLC now owns 6,468 shares of the exchange traded fund's stock valued at $3,307,000 after buying an additional 970 shares during the last quarter. Phoenix Financial Ltd. increased its stake in shares of Invesco QQQ by 55.4% in the 4th quarter. Phoenix Financial Ltd. now owns 100,760 shares of the exchange traded fund's stock valued at $51,894,000 after buying an additional 35,912 shares during the period. Sendero Wealth Management LLC acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at $273,000. Finally, Cary Street Partners Financial LLC bought a new stake in shares of Invesco QQQ during the fourth quarter worth $10,052,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.3%

Invesco QQQ stock opened at $569.24 on Friday. The business's 50-day simple moving average is $547.85 and its 200 day simple moving average is $512.02. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $574.63.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were paid a $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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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