Peterson Wealth Management Has $12.91 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Peterson Wealth Management lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 6.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 26,949 shares of the exchange traded fund’s stock after acquiring an additional 1,660 shares during the period. Invesco QQQ accounts for 8.0% of Peterson Wealth Management’s portfolio, making the stock its 2nd biggest holding. Peterson Wealth Management’s holdings in Invesco QQQ were worth $12,911,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. N.E.W. Advisory Services LLC grew its position in Invesco QQQ by 4.3% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 5,822 shares of the exchange traded fund’s stock valued at $2,789,000 after buying an additional 238 shares in the last quarter. Bordeaux Wealth Advisors LLC grew its position in Invesco QQQ by 48.6% in the 2nd quarter. Bordeaux Wealth Advisors LLC now owns 10,599 shares of the exchange traded fund’s stock valued at $5,078,000 after buying an additional 3,465 shares in the last quarter. KM Capital Management Ltd. grew its position in Invesco QQQ by 0.3% in the 2nd quarter. KM Capital Management Ltd. now owns 23,931 shares of the exchange traded fund’s stock valued at $11,466,000 after buying an additional 82 shares in the last quarter. Hudock Inc. grew its position in Invesco QQQ by 564.6% in the 2nd quarter. Hudock Inc. now owns 42,395 shares of the exchange traded fund’s stock valued at $20,312,000 after buying an additional 36,016 shares in the last quarter. Finally, Crumly & Associates Inc. grew its position in Invesco QQQ by 16.2% in the 2nd quarter. Crumly & Associates Inc. now owns 1,431 shares of the exchange traded fund’s stock valued at $686,000 after buying an additional 200 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.1 %

Shares of QQQ opened at $461.04 on Friday. The firm has a 50-day moving average price of $473.04 and a 200 day moving average price of $455.79. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were given a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.

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.