Ndwm LLC Acquires 86 Shares of Invesco QQQ $QQQ

Ndwm LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,151 shares of the exchange traded fund’s stock after purchasing an additional 86 shares during the quarter. Invesco QQQ accounts for about 0.9% of Ndwm LLC’s holdings, making the stock its 18th biggest holding. Ndwm LLC’s holdings in Invesco QQQ were worth $1,187,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Morgan Dempsey Capital Management LLC purchased a new stake in shares of Invesco QQQ during the second quarter valued at $30,000. Marshall & Sullivan Inc. WA purchased a new stake in Invesco QQQ in the second quarter valued at $41,000. Moser Wealth Advisors LLC boosted its holdings in Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 93 shares during the last quarter. Westend Capital Management LLC purchased a new stake in Invesco QQQ in the first quarter valued at $51,000. Finally, Blume Capital Management Inc. boosted its holdings 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 valued at $57,000 after purchasing an additional 2,536 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.1%

NASDAQ:QQQ opened at $617.10 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $618.42. The firm’s fifty day moving average is $590.61 and its two-hundred day moving average is $547.17.

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 dividend yield of 0.4%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd.

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.