Invesco QQQ $QQQ Shares Purchased by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 32.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,740 shares of the exchange traded fund’s stock after purchasing an additional 1,912 shares during the quarter. Invesco QQQ comprises approximately 1.0% of Castle Rock Wealth Management LLC’s portfolio, making the stock its 18th biggest position. Castle Rock Wealth Management LLC’s holdings in Invesco QQQ were worth $4,378,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GSG Advisors LLC boosted its holdings in Invesco QQQ by 8.2% in the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock valued at $3,600,000 after purchasing an additional 585 shares in the last quarter. Amundi boosted its holdings in shares of Invesco QQQ by 6.3% in the first quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after acquiring an additional 6,600 shares during the period. Jackson Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 8.6% in the first quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund’s stock valued at $9,428,000 after acquiring an additional 1,586 shares during the period. Greykasell Wealth Strategies Inc. boosted its holdings in shares of Invesco QQQ by 8.4% in the first quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock valued at $3,649,000 after acquiring an additional 605 shares during the period. Finally, AM Investment Strategies LLC boosted its holdings in shares of Invesco QQQ by 46.5% in the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock valued at $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 Price Performance

QQQ stock opened at $611.44 on Thursday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $611.75. The business has a 50 day simple moving average of $582.26 and a 200-day simple moving average of $534.45.

Invesco QQQ Increases Dividend

The company 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 $0.694 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a dividend yield of 0.5%.

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.