Invesco QQQ $QQQ Shares Bought by Nicholson Wealth Management Group LLC

Nicholson Wealth Management Group LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 10.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 945 shares of the exchange traded fund’s stock after purchasing an additional 93 shares during the quarter. Nicholson Wealth Management Group LLC’s holdings in Invesco QQQ were worth $521,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of QQQ. GSG Advisors LLC lifted its holdings in shares of Invesco QQQ by 8.2% during the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock worth $3,600,000 after acquiring an additional 585 shares during the period. Amundi lifted its holdings in shares of Invesco QQQ by 6.3% during the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock worth $49,980,000 after acquiring an additional 6,600 shares during the period. Jackson Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 8.6% during the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund’s stock worth $9,428,000 after acquiring an additional 1,586 shares during the period. Greykasell Wealth Strategies Inc. lifted its holdings in shares of Invesco QQQ by 8.4% during the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock worth $3,649,000 after acquiring an additional 605 shares during the period. Finally, AM Investment Strategies LLC lifted its holdings in shares of Invesco QQQ by 46.5% during the 1st quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock worth $904,000 after acquiring an additional 612 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.7%

Shares of QQQ stock opened at $603.93 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $613.18. The firm’s 50-day simple moving average is $587.30 and its 200-day simple moving average is $540.28.

Invesco QQQ Increases Dividend

The business also recently disclosed 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 is Monday, September 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.