Invesco QQQ $QQQ is Watershed Private Wealth LLC’s 6th Largest Position

Watershed Private Wealth LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 18.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,226 shares of the exchange traded fund’s stock after purchasing an additional 3,146 shares during the period. Invesco QQQ accounts for about 4.1% of Watershed Private Wealth LLC’s holdings, making the stock its 6th biggest holding. Watershed Private Wealth LLC’s holdings in Invesco QQQ were worth $11,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Marshall & Sullivan Inc. WA purchased a new stake in Invesco QQQ during the 2nd quarter worth $41,000. Alpine Bank Wealth Management purchased a new position in Invesco QQQ in the 1st quarter valued at about $50,000. Westend Capital Management LLC purchased a new position in Invesco QQQ in the 1st quarter valued at about $51,000. Blume Capital Management Inc. boosted its position in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC boosted its position in Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 120 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $611.44 on Thursday. The firm has a 50-day moving average of $582.26 and a two-hundred day moving average of $534.45. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $611.75.

Invesco QQQ Increases Dividend

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

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.