Pines Wealth Management LLC Purchases Shares of 377 Invesco QQQ $QQQ

Pines Wealth Management LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 377 shares of the exchange traded fund’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Compass Financial Services Inc lifted its holdings in Invesco QQQ by 0.4% in the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock worth $2,345,000 after purchasing an additional 19 shares in the last quarter. MTM Investment Management LLC lifted its holdings in Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock worth $613,000 after purchasing an additional 21 shares in the last quarter. Cutler Investment Counsel LLC lifted its holdings in Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock worth $710,000 after purchasing an additional 21 shares in the last quarter. Mosaic Family Wealth Partners LLC lifted its holdings in Invesco QQQ by 1.6% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund’s stock worth $707,000 after purchasing an additional 22 shares in the last quarter. Finally, Riverbend Wealth Management LLC lifted its holdings in Invesco QQQ by 0.3% in the 1st quarter. Riverbend Wealth Management LLC now owns 8,172 shares of the exchange traded fund’s stock worth $3,832,000 after purchasing an additional 22 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $590.00 on Thursday. The stock’s 50 day moving average is $570.49 and its 200 day moving average is $522.22. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $592.86.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend 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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