Yarger Wealth Strategies LLC Has $1.15 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Yarger Wealth Strategies LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 104.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,395 shares of the exchange traded fund’s stock after purchasing an additional 1,226 shares during the quarter. Yarger Wealth Strategies LLC’s holdings in Invesco QQQ were worth $1,147,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of QQQ. Atwater Malick LLC acquired a new stake in Invesco QQQ in the first quarter valued at $293,000. Westwood Holdings Group Inc. increased its stake in shares of Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after buying an additional 1,993 shares during the period. GenWealth Group Inc. raised its position in shares of Invesco QQQ by 5.8% during the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after acquiring an additional 2,325 shares during the last quarter. Socha Financial Group LLC lifted its stake in shares of Invesco QQQ by 1.3% in the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after acquiring an additional 1,153 shares during the period. Finally, SVB Wealth LLC boosted its holdings in Invesco QQQ by 15.2% in the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after acquiring an additional 2,453 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $473.24 on Tuesday. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The company has a 50 day simple moving average of $469.61 and a two-hundred day simple moving average of $457.60.

Invesco QQQ Increases Dividend

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

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.