Birchcreek Wealth Management LLC Acquires 521 Shares of Invesco QQQ $QQQ

Birchcreek Wealth Management LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 19.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,143 shares of the exchange traded fund’s stock after purchasing an additional 521 shares during the quarter. Invesco QQQ comprises 1.0% of Birchcreek Wealth Management LLC’s portfolio, making the stock its 19th largest position. Birchcreek Wealth Management LLC’s holdings in Invesco QQQ were worth $1,734,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Morgan Dempsey Capital Management LLC purchased a new position in Invesco QQQ during the second quarter valued at $30,000. Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ during the second quarter valued at $41,000. Blume Capital Management Inc. raised its position in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares during the last quarter. Moser Wealth Advisors LLC boosted its stake in Invesco QQQ by 930.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 93 shares in the last quarter. Finally, Atlantic Private Wealth LLC grew its position in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $609.74 on Monday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01. The firm has a 50-day simple moving average of $601.34 and a two-hundred day simple moving average of $560.76.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were given a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, September 22nd.

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.