HB Wealth Management LLC Has $43.61 Million Stock Position in Invesco QQQ $QQQ

HB Wealth Management LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 8.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,057 shares of the exchange traded fund’s stock after selling 7,348 shares during the quarter. HB Wealth Management LLC’s holdings in Invesco QQQ were worth $43,611,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ during the 2nd quarter worth approximately $41,000. Alpine Bank Wealth Management acquired a new position in Invesco QQQ during the first quarter valued at approximately $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ during the first quarter valued at approximately $51,000. Blume Capital Management Inc. boosted its position in Invesco QQQ by 105.0% during the first 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 last quarter. Finally, Atlantic Private Wealth LLC boosted its position in Invesco QQQ by 3,000.0% during the first 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 during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $598.73 on Tuesday. The stock has a 50 day moving average price of $576.73 and a 200 day moving average price of $529.07. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $602.87.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a $0.694 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%.

About Invesco QQQ

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.