Revolve Wealth Partners LLC Acquires 601 Shares of Invesco QQQ (NASDAQ:QQQ)

Revolve Wealth Partners LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 12.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,580 shares of the exchange traded fund’s stock after buying an additional 601 shares during the period. Revolve Wealth Partners LLC’s holdings in Invesco QQQ were worth $2,673,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its position in shares of Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after purchasing an additional 28,263,426 shares in the last quarter. Global Assets Advisory LLC purchased a new position in shares of Invesco QQQ during the 1st quarter valued at approximately $1,580,776,000. Steel Grove Capital Advisors LLC boosted its stake in shares of Invesco QQQ by 934.0% during the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after acquiring an additional 3,102,568 shares in the last quarter. Granite Bay Wealth Management LLC grew its holdings in Invesco QQQ by 6,215.5% in the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after purchasing an additional 894,532 shares during the period. Finally, Harvard Management Co. Inc. acquired a new stake in Invesco QQQ in the 1st quarter valued at $304,591,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.1 %

Shares of QQQ stock traded up $0.61 on Friday, reaching $475.03. 38,383,623 shares of the company were exchanged, compared to its average volume of 46,987,124. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The business has a 50-day moving average price of $474.36 and a 200 day moving average price of $451.69.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were given a dividend of $0.7615 per share. This represents a $3.05 annualized dividend and a dividend yield of 0.64%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. 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.