Sculati Wealth Management LLC Buys 128 Shares of Invesco QQQ $QQQ

by · The Cerbat Gem

Sculati Wealth Management LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 17.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 848 shares of the exchange traded fund’s stock after acquiring an additional 128 shares during the quarter. Sculati Wealth Management LLC’s holdings in Invesco QQQ were worth $468,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Compass Financial Services Inc lifted its stake 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. Vermillion Wealth Management Inc. increased its holdings in shares of Invesco QQQ by 4.2% in the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock worth $271,000 after purchasing an additional 20 shares during the last quarter. Barrett & Company Inc. lifted its position in shares of Invesco QQQ by 14.9% in the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock worth $85,000 after buying an additional 20 shares in the last quarter. waypoint wealth counsel boosted its stake in Invesco QQQ by 0.6% during the second quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund’s stock valued at $1,964,000 after buying an additional 20 shares during the last quarter. Finally, Investment Advisory Group LLC grew its holdings in Invesco QQQ by 0.4% during the 2nd quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund’s stock valued at $3,158,000 after buying an additional 20 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.1%

NASDAQ:QQQ opened at $608.86 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The stock’s 50 day simple moving average is $605.86 and its two-hundred day simple moving average is $564.57.

Invesco QQQ Increases Dividend

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

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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