Wealth Alliance LLC Buys 89 Shares of Invesco QQQ $QQQ

Wealth Alliance LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 5.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,659 shares of the exchange traded fund’s stock after purchasing an additional 89 shares during the quarter. Wealth Alliance LLC’s holdings in Invesco QQQ were worth $915,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Dempsey Capital Management LLC purchased a new stake in shares of Invesco QQQ during the second quarter valued at about $30,000. Marshall & Sullivan Inc. WA purchased a new position in shares of Invesco QQQ in the second quarter valued at approximately $41,000. Blume Capital Management Inc. raised its position in shares of 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 buying an additional 2,536 shares during the last quarter. Moser Wealth Advisors LLC grew its position in shares of 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 in the last quarter. Finally, Atlantic Private Wealth LLC increased its position in Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing 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

QQQ stock traded down $4.73 during mid-day trading on Thursday, reaching $616.35. The company had a trading volume of 7,755,358 shares, compared to its average volume of 47,379,344. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01. The firm has a fifty day simple moving average of $604.54 and a 200 day simple moving average of $563.31.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were given a dividend of $0.694 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. This is a boost 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.