Yardley Wealth Management LLC Acquires 22 Shares of Invesco QQQ $QQQ

Yardley Wealth Management LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 791 shares of the exchange traded fund’s stock after purchasing an additional 22 shares during the period. Invesco QQQ comprises approximately 0.2% of Yardley Wealth Management LLC’s investment portfolio, making the stock its 29th biggest holding. Yardley Wealth Management LLC’s holdings in Invesco QQQ were worth $436,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in QQQ. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ in the 2nd quarter worth approximately $41,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ in the first quarter worth $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ in the first quarter valued at $51,000. Blume Capital Management Inc. lifted its position in shares of Invesco QQQ by 105.0% during the 1st 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. Finally, Atlantic Private Wealth LLC grew its stake in shares of 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 period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $607.71 on Tuesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $609.36. The business has a 50-day moving average of $580.65 and a 200 day moving average of $533.42.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders 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 annualized dividend and a dividend yield of 0.5%.

About Invesco QQQ

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.