Wescott Financial Advisory Group LLC Buys New Shares in Invesco QQQ Trust (NASDAQ:QQQ)

Wescott Financial Advisory Group LLC bought a new stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 124,996 shares of the exchange traded fund’s stock, valued at approximately $45,727,000. Invesco QQQ Trust accounts for approximately 26.9% of Wescott Financial Advisory Group LLC’s portfolio, making the stock its largest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Investors Research Corp raised its holdings in Invesco QQQ Trust by 126.5% during the second quarter. Investors Research Corp now owns 77 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 43 shares during the last quarter. Logan Capital Management Inc. acquired a new position in Invesco QQQ Trust during the first quarter worth $44,000. Annapolis Financial Services LLC raised its holdings in shares of Invesco QQQ Trust by 31.0% in the second quarter. Annapolis Financial Services LLC now owns 131 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 31 shares during the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Invesco QQQ Trust in the first quarter valued at about $48,000. Finally, Sierra Capital LLC purchased a new stake in shares of Invesco QQQ Trust in the first quarter valued at about $51,000. Institutional investors own 44.18% of the company’s stock.

NASDAQ:QQQ traded up $2.07 on Wednesday, reaching $377.33. 1,689,492 shares of the company’s stock were exchanged, compared to its average volume of 41,776,973. Invesco QQQ Trust has a 52 week low of $260.11 and a 52 week high of $382.78. The stock has a fifty day simple moving average of $369.05 and a 200-day simple moving average of $344.77.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 22nd were given a $0.397 dividend. This is a positive change from Invesco QQQ Trust’s previous quarterly dividend of $0.40. This represents a $1.59 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, June 21st.

Invesco QQQ Trust 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.

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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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