Perissos Private Wealth Management LLC Raises Stock Holdings in Invesco QQQ $QQQ

Perissos Private Wealth Management LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3,540.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,038 shares of the exchange traded fund’s stock after acquiring an additional 18,515 shares during the quarter. Invesco QQQ makes up approximately 8.3% of Perissos Private Wealth Management LLC’s holdings, making the stock its 2nd biggest holding. Perissos Private Wealth Management LLC’s holdings in Invesco QQQ were worth $10,502,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in QQQ. Brighton Jones LLC grew its holdings in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares during the last quarter. Wealth Group Ltd. grew its holdings in Invesco QQQ by 305.2% during the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after acquiring an additional 4,835 shares during the last quarter. GAMMA Investing LLC grew its holdings in Invesco QQQ by 19.2% during the 1st quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund’s stock worth $1,872,000 after acquiring an additional 643 shares during the last quarter. Finally, Aspect Partners LLC boosted its stake in shares of Invesco QQQ by 10.1% in the 1st quarter. Aspect Partners LLC now owns 2,438 shares of the exchange traded fund’s stock valued at $1,143,000 after purchasing an additional 224 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.1%

Shares of NASDAQ QQQ opened at $617.10 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $618.42. The firm’s 50-day moving average is $590.61 and its 200-day moving average is $547.17.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.4%.

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.