Invesco QQQ $QQQ is BKM Wealth Management LLC’s 7th Largest Position

BKM Wealth Management LLC cut its position in Invesco QQQ (NASDAQ:QQQ) by 3.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 9,675 shares of the exchange traded fund’s stock after selling 364 shares during the period. Invesco QQQ makes up about 2.1% of BKM Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding. BKM Wealth Management LLC’s holdings in Invesco QQQ were worth $5,337,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of QQQ. Brighton Jones LLC raised its holdings in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after buying an additional 176 shares during the last quarter. Wealth Group Ltd. raised its holdings in Invesco QQQ by 305.2% in the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after buying an additional 4,835 shares during the last quarter. GAMMA Investing LLC raised its holdings in Invesco QQQ by 19.2% in the first quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund’s stock worth $1,872,000 after buying an additional 643 shares during the last quarter. Finally, Carr Financial Group Corp raised its holdings in Invesco QQQ by 79.0% in the first quarter. Carr Financial Group Corp now owns 14,302 shares of the exchange traded fund’s stock worth $6,707,000 after buying an additional 6,310 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 Invesco QQQ stock opened at $603.93 on Friday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $613.18. The company has a 50-day simple moving average of $587.30 and a two-hundred day simple moving average of $540.73.

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. 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 annualized dividend 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.