One Wealth Advisors LLC Buys 774 Shares of Invesco QQQ $QQQ

One Wealth Advisors LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 168.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,234 shares of the exchange traded fund’s stock after purchasing an additional 774 shares during the quarter. One Wealth Advisors LLC’s holdings in Invesco QQQ were worth $681,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQ. Marshall & Sullivan Inc. WA acquired a new stake in Invesco QQQ in the second quarter valued at $41,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ during the 1st quarter worth about $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ during the first quarter worth approximately $51,000. Blume Capital Management Inc. grew its position in shares of Invesco QQQ by 105.0% in 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 grew its holdings in Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 120 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.3%

NASDAQ:QQQ opened at $600.37 on Wednesday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $602.87. The firm’s 50-day simple moving average is $577.51 and its 200 day simple moving average is $529.57.

Invesco QQQ Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.5%. This is a boost 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.