Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Wealth Dimensions Group Ltd.

Wealth Dimensions Group Ltd. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,689 shares of the exchange traded fund’s stock after purchasing an additional 30 shares during the period. Wealth Dimensions Group Ltd.’s holdings in Invesco QQQ were worth $809,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Black Diamond Financial LLC lifted its stake in Invesco QQQ by 8.0% in the 2nd quarter. Black Diamond Financial LLC now owns 5,184 shares of the exchange traded fund’s stock worth $2,484,000 after acquiring an additional 383 shares in the last quarter. Capital Wealth Planning LLC boosted its holdings in shares of Invesco QQQ by 58.9% during the second quarter. Capital Wealth Planning LLC now owns 17,470 shares of the exchange traded fund’s stock worth $8,370,000 after purchasing an additional 6,474 shares during the period. Fairfield Financial Advisors LTD acquired a new stake in shares of Invesco QQQ during the second quarter worth approximately $26,557,000. Brown Brothers Harriman & Co. grew its position in Invesco QQQ by 23.5% during the second quarter. Brown Brothers Harriman & Co. now owns 14,557 shares of the exchange traded fund’s stock valued at $6,974,000 after purchasing an additional 2,768 shares in the last quarter. Finally, Tennessee Valley Asset Management Partners increased its stake in Invesco QQQ by 0.4% in the 2nd quarter. Tennessee Valley Asset Management Partners now owns 20,832 shares of the exchange traded fund’s stock valued at $9,981,000 after buying an additional 86 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $475.34 on Monday. The stock has a fifty day moving average price of $470.09 and a 200 day moving average price of $457.36. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52.

Invesco QQQ Increases Dividend

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

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.