Signal Advisors Wealth LLC Has $5.32 Million Stake in Invesco QQQ $QQQ

Signal Advisors Wealth LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 4.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,646 shares of the exchange traded fund’s stock after buying an additional 452 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Invesco QQQ were worth $5,321,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the 1st quarter valued at $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ in the first quarter worth $51,000. Blume Capital Management Inc. boosted its stake 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 purchasing an additional 2,536 shares in the last quarter. Atlantic Private Wealth LLC boosted its stake in 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 in the last quarter. Finally, Putney Financial Group LLC acquired a new position in Invesco QQQ in the fourth quarter worth $67,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $590.00 on Thursday. The business’s fifty day moving average is $570.49 and its two-hundred day moving average is $522.22. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $592.86.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%.

Invesco QQQ Company 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.