WESPAC Advisors LLC Acquires 198 Shares of Invesco QQQ $QQQ

WESPAC Advisors LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 9.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,253 shares of the exchange traded fund’s stock after buying an additional 198 shares during the period. WESPAC Advisors LLC’s holdings in Invesco QQQ were worth $1,243,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in QQQ. Marshall & Sullivan Inc. WA bought a new position in Invesco QQQ in the 2nd quarter valued at approximately $41,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the 1st quarter valued at $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ during the 1st quarter valued at $51,000. Blume Capital Management Inc. lifted its holdings in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC lifted its holdings 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 buying an additional 120 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $611.44 on Thursday. The business’s fifty day moving average price is $582.26 and its 200-day moving average price is $534.45. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $611.75.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. 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 a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

Invesco QQQ 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.