Venturi Wealth Management LLC Purchases 315 Shares of Invesco QQQ $QQQ

Venturi Wealth Management LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 6.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 4,852 shares of the exchange traded fund’s stock after buying an additional 315 shares during the quarter. Venturi Wealth Management LLC’s holdings in Invesco QQQ were worth $2,677,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. Kingstone Capital Partners Texas LLC boosted its holdings in Invesco QQQ by 704,593.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after buying an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Invesco QQQ by 959.6% during the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after buying an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. bought a new position in Invesco QQQ during the first quarter worth about $2,775,904,000. Spear Holdings RSC Ltd bought a new position in Invesco QQQ during the first quarter worth about $474,600,000. Finally, Altimeter Capital Management LP bought a new position in Invesco QQQ during the first quarter worth about $463,293,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $611.44 on Thursday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $611.75. The stock’s 50-day moving average price is $582.26 and its two-hundred day moving average price is $534.45.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend 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.