NWF Advisory Services Inc. Purchases 2,370 Shares of Invesco QQQ $QQQ
by Renee Jackson · The Cerbat GemNWF Advisory Services Inc. grew its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 17.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 16,344 shares of the exchange traded fund’s stock after acquiring an additional 2,370 shares during the period. Invesco QQQ accounts for about 1.1% of NWF Advisory Services Inc.’s portfolio, making the stock its 25th largest position. NWF Advisory Services Inc.’s holdings in Invesco QQQ were worth $9,017,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. Morgan Dempsey Capital Management LLC purchased a new position in shares of Invesco QQQ in the second quarter worth $30,000. Marshall & Sullivan Inc. WA bought a new stake in Invesco QQQ in the 2nd quarter valued at $41,000. Moser Wealth Advisors LLC lifted 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. Ransom Advisory Ltd bought a new position in shares of Invesco QQQ during the 1st quarter valued at about $70,000. Finally, Barrett & Company Inc. grew its position in shares of Invesco QQQ by 14.9% during the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.
Invesco QQQ Stock Down 1.9%
Shares of QQQ stock opened at $613.62 on Monday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The stock’s 50-day moving average price is $613.64 and its 200-day moving average price is $581.01.
Invesco QQQ Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were given a dividend of $0.694 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.
Invesco QQQ 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.
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