Ritholtz Wealth Management Has $211.19 Million Position in Invesco QQQ $QQQ

Ritholtz Wealth Management increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 542.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 382,836 shares of the exchange traded fund’s stock after purchasing an additional 323,231 shares during the quarter. Invesco QQQ makes up 4.7% of Ritholtz Wealth Management’s portfolio, making the stock its 3rd biggest holding. Ritholtz Wealth Management owned approximately 0.06% of Invesco QQQ worth $211,188,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Marshall & Sullivan Inc. WA purchased a new position in shares of Invesco QQQ in the second quarter worth $41,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ in the 1st quarter valued at $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ in the 1st quarter worth $51,000. Blume Capital Management Inc. boosted 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 purchasing an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC boosted 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 purchasing an additional 120 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.7%

Shares of QQQ stock opened at $602.22 on Thursday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $613.18. The stock’s 50-day moving average price is $586.10 and its 200-day moving average price is $538.48.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase 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.