Pitti Group Wealth Management LLC Acquires 48 Shares of Invesco QQQ (NASDAQ:QQQ)

Pitti Group Wealth Management LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.8% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,311 shares of the exchange traded fund’s stock after buying an additional 48 shares during the quarter. Pitti Group Wealth Management LLC’s holdings in Invesco QQQ were worth $628,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Prospect Financial Services LLC grew its holdings in shares of Invesco QQQ by 0.3% in the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after purchasing an additional 21 shares in the last quarter. Sweeney & Michel LLC lifted its position in Invesco QQQ by 4.0% during the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock valued at $286,000 after purchasing an additional 22 shares during the last quarter. Family Firm Inc. lifted its position in Invesco QQQ by 3.1% during the second quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock valued at $354,000 after purchasing an additional 22 shares during the last quarter. CarsonAllaria Wealth Management Ltd. grew its stake in shares of Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 24 shares in the last quarter. Finally, Second Line Capital LLC increased its holdings in shares of Invesco QQQ by 2.6% in the 1st quarter. Second Line Capital LLC now owns 951 shares of the exchange traded fund’s stock worth $422,000 after buying an additional 24 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.4 %

Shares of NASDAQ:QQQ opened at $473.24 on Tuesday. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52. The company has a 50-day moving average price of $469.61 and a 200 day moving average price of $457.60.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were paid a $0.7615 dividend. This represents a $3.05 annualized dividend and a dividend yield of 0.64%. 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.

Invesco QQQ 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.