Relyea Zuckerberg Hanson LLC Has $11.66 Million Stake in Invesco QQQ $QQQ

Relyea Zuckerberg Hanson LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 24.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,143 shares of the exchange traded fund’s stock after purchasing an additional 4,155 shares during the period. Invesco QQQ makes up about 1.4% of Relyea Zuckerberg Hanson LLC’s investment portfolio, making the stock its 14th biggest position. Relyea Zuckerberg Hanson LLC’s holdings in Invesco QQQ were worth $11,663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ during the second quarter worth approximately $41,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ during the first quarter worth approximately $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ during the first quarter worth approximately $51,000. Blume Capital Management Inc. raised its stake in shares of Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC raised its stake in shares of Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 120 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ opened at $604.51 on Wednesday. The firm has a 50 day simple moving average of $581.39 and a 200 day simple moving average of $533.92. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $609.71.

Invesco QQQ Increases Dividend

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

Invesco QQQ 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.