Wedbush Securities Inc. Purchases 11,950 Shares of Invesco QQQ (NASDAQ:QQQ)

Wedbush Securities Inc. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 12.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,842 shares of the exchange traded fund’s stock after purchasing an additional 11,950 shares during the period. Invesco QQQ comprises about 1.9% of Wedbush Securities Inc.’s portfolio, making the stock its 7th biggest position. Wedbush Securities Inc.’s holdings in Invesco QQQ were worth $53,585,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. Vantage Financial Partners LLC lifted its stake in Invesco QQQ by 68.0% during the fourth quarter. Vantage Financial Partners LLC now owns 29,550 shares of the exchange traded fund’s stock worth $12,101,000 after purchasing an additional 11,957 shares during the last quarter. Concentrum Wealth Management grew its position in shares of Invesco QQQ by 15.4% in the 4th quarter. Concentrum Wealth Management now owns 14,662 shares of the exchange traded fund’s stock valued at $6,004,000 after buying an additional 1,962 shares during the last quarter. Rollins Financial raised its stake in Invesco QQQ by 11.8% during the 4th quarter. Rollins Financial now owns 187,590 shares of the exchange traded fund’s stock worth $76,822,000 after acquiring an additional 19,785 shares in the last quarter. Gryphon Financial Partners LLC lifted its position in Invesco QQQ by 30.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 3,047 shares of the exchange traded fund’s stock valued at $1,248,000 after acquiring an additional 706 shares during the last quarter. Finally, AGF Management Ltd. boosted its stake in Invesco QQQ by 6.1% in the fourth quarter. AGF Management Ltd. now owns 15,739 shares of the exchange traded fund’s stock valued at $6,445,000 after acquiring an additional 898 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.8 %

QQQ opened at $452.41 on Monday. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The business’s 50-day simple moving average is $472.43 and its 200-day simple moving average is $456.33.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were issued a $0.7615 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Monday, June 24th.

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.