Wealth Alliance Advisory Group LLC Grows Stock Holdings in Invesco QQQ $QQQ

Key Points

• Wealth Alliance Advisory Group LLC increased its holdings in Invesco QQQ by 61.0%, now owning 1,344 shares valued at $742,000, as reported in their recent SEC filing.
• Other institutional investors like Wilkins Miller Wealth Management LLC and Sentinus LLC have also made significant new acquisitions and increases in their positions in Invesco QQQ during recent quarters.
• Invesco QQQ's latest dividend was set at $0.5911 per share, leading to an annualized yield of 0.4% as of the most recent payment date.

Wealth Alliance Advisory Group LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 61.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,344 shares of the exchange traded fund's stock after acquiring an additional 509 shares during the quarter. Wealth Alliance Advisory Group LLC's holdings in Invesco QQQ were worth $742,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Compass Financial Services Inc boosted its holdings in 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 purchasing an additional 19 shares during the last quarter. Willis Johnson & Associates Inc. grew its holdings in shares of Invesco QQQ by 2.6% in the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock worth $416,000 after acquiring an additional 21 shares during the period. MTM Investment Management LLC increased its position in Invesco QQQ by 1.6% during the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after acquiring an additional 21 shares during the last quarter. Cutler Investment Counsel LLC lifted its holdings in Invesco QQQ by 1.4% in the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after acquiring an additional 21 shares during the period. Finally, Mosaic Family Wealth Partners LLC lifted its holdings in Invesco QQQ by 1.6% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock valued at $707,000 after acquiring an additional 22 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.9%

Shares of Invesco QQQ stock traded up $5.02 during trading hours on Monday, reaching $591.68. 44,232,160 shares of the stock traded hands, compared to its average volume of 46,867,568. Invesco QQQ has a one year low of $402.39 and a one year high of $591.79. The company has a 50 day moving average price of $568.24 and a 200 day moving average price of $520.68.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a 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.