Sincerus Advisory LLC Acquires 30 Shares of Invesco QQQ $QQQ

by · The Cerbat Gem

Sincerus Advisory LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,949 shares of the exchange traded fund’s stock after buying an additional 30 shares during the quarter. Sincerus Advisory LLC’s holdings in Invesco QQQ were worth $1,104,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Aire Advisors LLC increased its holdings in Invesco QQQ by 2.3% in the 2nd quarter. Aire Advisors LLC now owns 3,362 shares of the exchange traded fund’s stock valued at $1,854,000 after buying an additional 75 shares during the period. Compass Advisory Group LLC increased its holdings in Invesco QQQ by 4.3% in the 2nd quarter. Compass Advisory Group LLC now owns 1,790 shares of the exchange traded fund’s stock valued at $988,000 after buying an additional 73 shares during the period. Tower Wealth Partners Inc. increased its holdings in Invesco QQQ by 3.3% in the 2nd quarter. Tower Wealth Partners Inc. now owns 4,129 shares of the exchange traded fund’s stock valued at $2,278,000 after buying an additional 132 shares during the period. Toews Corp ADV bought a new stake in shares of Invesco QQQ in the 2nd quarter worth about $220,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Invesco QQQ in the 2nd quarter worth about $292,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.4%

QQQ opened at $599.99 on Friday. The firm’s 50-day simple moving average is $586.71 and its 200-day simple moving average is $539.38. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $613.18.

Invesco QQQ Increases Dividend

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

Invesco QQQ Profile

(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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