Pursue Wealth Partners LLC Acquires 343 Shares of Invesco QQQ (NASDAQ:QQQ)

Pursue Wealth Partners LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 9.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,864 shares of the exchange traded fund’s stock after purchasing an additional 343 shares during the quarter. Invesco QQQ accounts for 1.0% of Pursue Wealth Partners LLC’s portfolio, making the stock its 28th biggest holding. Pursue Wealth Partners LLC’s holdings in Invesco QQQ were worth $1,851,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. Global Assets Advisory LLC bought a new stake in shares of Invesco QQQ during the 1st quarter valued at $1,580,776,000. Steel Grove Capital Advisors LLC lifted its holdings in Invesco QQQ by 934.0% in 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 purchasing an additional 3,102,568 shares in the last quarter. Granite Bay Wealth Management LLC boosted its stake in Invesco QQQ by 6,215.5% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after purchasing an additional 894,532 shares during the period. Harvard Management Co. Inc. purchased a new stake in Invesco QQQ during the 1st quarter valued at approximately $304,591,000. Finally, Mirae Asset Securities USA Inc. bought a new stake in shares of Invesco QQQ during the second quarter valued at approximately $215,600,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $460.61 on Thursday. The company’s fifty day moving average price is $473.45 and its 200-day moving average price is $455.75. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.

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 given a dividend of $0.7615 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.66%.

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.