Activest Wealth Management Grows Position in Invesco QQQ $QQQ

by · The Cerbat Gem

Activest Wealth Management grew its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 132.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,645 shares of the exchange traded fund’s stock after acquiring an additional 45,341 shares during the quarter. Invesco QQQ accounts for 10.6% of Activest Wealth Management’s portfolio, making the stock its 3rd biggest holding. Activest Wealth Management’s holdings in Invesco QQQ were worth $43,935,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Marshall & Sullivan Inc. WA bought a new stake in Invesco QQQ in the second quarter worth $41,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ in the first quarter worth $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ in the first quarter worth $51,000. Blume Capital Management Inc. boosted its holdings in Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC raised its stake in shares of Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $599.99 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $613.18. The business has a fifty day moving average price of $586.71 and a 200-day moving average price of $539.38.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, September 22nd.

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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