Paradigm Strategies in Wealth Management LLC Acquires 41 Shares of Invesco QQQ $QQQ

Paradigm Strategies in Wealth Management LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 940 shares of the exchange traded fund’s stock after purchasing an additional 41 shares during the period. Paradigm Strategies in Wealth Management LLC’s holdings in Invesco QQQ were worth $519,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of QQQ. Morgan Dempsey Capital Management LLC bought a new position in shares of Invesco QQQ in the 2nd quarter valued at $30,000. Marshall & Sullivan Inc. WA bought a new stake in Invesco QQQ during the 2nd quarter worth $41,000. Blume Capital Management Inc. grew its position in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 2,536 shares during the last quarter. Moser Wealth Advisors LLC grew its position in Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 93 shares during the last quarter. Finally, Atlantic Private Wealth LLC grew its position in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $632.92 on Wednesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $634.68. The stock’s fifty day simple moving average is $592.90 and its 200 day simple moving average is $550.17.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%. 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.