Invesco QQQ $QQQ Shares Bought by Lake Hills Wealth Management LLC

Lake Hills Wealth Management LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 53.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,640 shares of the exchange traded fund’s stock after acquiring an additional 8,902 shares during the period. Invesco QQQ makes up approximately 8.1% of Lake Hills Wealth Management LLC’s investment portfolio, making the stock its 3rd largest position. Lake Hills Wealth Management LLC’s holdings in Invesco QQQ were worth $14,144,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ in the 1st quarter valued at approximately $51,000. Blume Capital Management Inc. increased its holdings in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares during the last quarter. Atlantic Private Wealth LLC increased its holdings in Invesco QQQ by 3,000.0% in 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. Finally, Putney Financial Group LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at approximately $67,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2%

Invesco QQQ stock opened at $590.00 on Thursday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $592.86. The firm has a 50 day moving average price of $570.49 and a 200 day moving average price of $522.22.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.

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