Greenwich Wealth Management LLC Increases Stake in Invesco QQQ $QQQ

Greenwich Wealth Management LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 0.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 40,587 shares of the exchange traded fund’s stock after acquiring an additional 124 shares during the period. Invesco QQQ makes up 1.1% of Greenwich Wealth Management LLC’s investment portfolio, making the stock its 13th largest holding. Greenwich Wealth Management LLC’s holdings in Invesco QQQ were worth $22,389,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tobias Financial Advisors Inc. raised its holdings in Invesco QQQ by 590.2% during the second quarter. Tobias Financial Advisors Inc. now owns 5,991 shares of the exchange traded fund’s stock worth $3,305,000 after purchasing an additional 5,123 shares in the last quarter. Stablepoint Partners LLC increased its position in Invesco QQQ by 4.2% during the 2nd quarter. Stablepoint Partners LLC now owns 3,921 shares of the exchange traded fund’s stock worth $2,163,000 after purchasing an additional 157 shares during the period. Kuhn & Co Investment Counsel raised its stake in shares of Invesco QQQ by 8.1% during the 2nd quarter. Kuhn & Co Investment Counsel now owns 466 shares of the exchange traded fund’s stock worth $257,000 after buying an additional 35 shares in the last quarter. Pursue Wealth Partners LLC lifted its holdings in shares of Invesco QQQ by 8.8% in the 2nd quarter. Pursue Wealth Partners LLC now owns 5,833 shares of the exchange traded fund’s stock valued at $3,218,000 after buying an additional 472 shares during the period. Finally, Wealthquest Corp boosted its stake in shares of Invesco QQQ by 4.8% in the second quarter. Wealthquest Corp now owns 2,512 shares of the exchange traded fund’s stock valued at $1,386,000 after buying an additional 115 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.8%

Shares of QQQ stock opened at $619.29 on Friday. The business’s fifty day moving average price is $609.04 and its 200 day moving average price is $573.17. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were paid 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 of this dividend was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.4%.

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.