WealthTrust Asset Management LLC Has $5.13 Million Position in Invesco QQQ $QQQ

WealthTrust Asset Management LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 15.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,970 shares of the exchange traded fund’s stock after purchasing an additional 950 shares during the quarter. Invesco QQQ makes up 2.8% of WealthTrust Asset Management LLC’s portfolio, making the stock its 6th biggest holding. WealthTrust Asset Management LLC’s holdings in Invesco QQQ were worth $5,133,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. bought a new position in Invesco QQQ in the 4th quarter worth approximately $25,000. High Point Wealth Management LLC raised its position in shares of Invesco QQQ by 68.0% during the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 17 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 43 shares during the last quarter. Shcp LLC purchased a new position in shares of Invesco QQQ in the third quarter worth $27,000. Finally, Rachor Investment Advisory Services LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth $29,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $713.44 on Friday. The firm has a fifty day moving average price of $713.76 and a 200 day moving average price of $668.02. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $748.65.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were issued a $0.8135 dividend. The ex-dividend date was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73.

About Invesco QQQ

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.