Gilliland Jeter Wealth Management LLC Purchases 142 Shares of Invesco QQQ $QQQ

Gilliland Jeter Wealth Management LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 7.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,162 shares of the exchange traded fund’s stock after buying an additional 142 shares during the quarter. Gilliland Jeter Wealth Management LLC’s holdings in Invesco QQQ were worth $1,193,000 as of its most recent SEC filing.

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

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $589.55 on Friday. The business has a fifty day simple moving average of $583.89 and a 200 day simple moving average of $535.94. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a $0.694 dividend. The ex-dividend date is Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis 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.