Leo Wealth LLC Purchases 6,449 Shares of Invesco QQQ $QQQ

Leo Wealth LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 74.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,077 shares of the exchange traded fund’s stock after acquiring an additional 6,449 shares during the period. Leo Wealth LLC’s holdings in Invesco QQQ were worth $8,317,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. McElhenny Sheffield Capital Management LLC raised its stake in shares of Invesco QQQ by 2,282.4% during the second quarter. McElhenny Sheffield Capital Management LLC now owns 88,482 shares of the exchange traded fund’s stock valued at $48,810,000 after acquiring an additional 84,768 shares during the last quarter. MSH Capital Advisors LLC raised its stake in shares of Invesco QQQ by 1.1% during the second quarter. MSH Capital Advisors LLC now owns 4,415 shares of the exchange traded fund’s stock valued at $2,435,000 after acquiring an additional 49 shares during the last quarter. Lokken Investment Group LLC raised its stake in shares of Invesco QQQ by 1.9% during the second quarter. Lokken Investment Group LLC now owns 3,547 shares of the exchange traded fund’s stock valued at $1,957,000 after acquiring an additional 66 shares during the last quarter. Golden Reserve Retirement LLC raised its stake in shares of Invesco QQQ by 11.6% during the second quarter. Golden Reserve Retirement LLC now owns 85,754 shares of the exchange traded fund’s stock valued at $47,278,000 after acquiring an additional 8,888 shares during the last quarter. Finally, Fulton Breakefield Broenniman LLC raised its stake in shares of Invesco QQQ by 1.7% during the second quarter. Fulton Breakefield Broenniman LLC now owns 10,099 shares of the exchange traded fund’s stock valued at $5,571,000 after acquiring an additional 172 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.1%

Shares of NASDAQ:QQQ opened at $610.70 on Friday. The company has a 50-day moving average price of $583.17 and a 200-day moving average price of $535.28. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $611.75.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be issued a $0.694 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd. This represents a $2.78 annualized dividend and a 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.