JFS Wealth Advisors LLC Purchases 1,321 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

JFS Wealth Advisors LLC increased its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 281.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,790 shares of the exchange traded fund’s stock after acquiring an additional 1,321 shares during the period. JFS Wealth Advisors LLC’s holdings in Invesco QQQ Trust were worth $334,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ironwood Wealth Management LLC. raised its holdings in Invesco QQQ Trust by 1.9% during the 1st quarter. Ironwood Wealth Management LLC. now owns 13,687 shares of the exchange traded fund’s stock valued at $2,459,000 after acquiring an additional 260 shares during the period. Bartlett & Co. LLC raised its holdings in Invesco QQQ Trust by 36.8% during the 1st quarter. Bartlett & Co. LLC now owns 743 shares of the exchange traded fund’s stock valued at $133,000 after acquiring an additional 200 shares during the period. BB&T Corp raised its holdings in Invesco QQQ Trust by 12.7% during the 1st quarter. BB&T Corp now owns 8,195 shares of the exchange traded fund’s stock valued at $1,473,000 after acquiring an additional 922 shares during the period. Tradewinds Capital Management LLC raised its holdings in Invesco QQQ Trust by 19.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 964 shares of the exchange traded fund’s stock valued at $173,000 after acquiring an additional 158 shares during the period. Finally, McGuire Investment Group LLC grew its position in shares of Invesco QQQ Trust by 0.9% during the 1st quarter. McGuire Investment Group LLC now owns 10,854 shares of the exchange traded fund’s stock valued at $1,950,000 after purchasing an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 41.04% of the company’s stock.

Shares of QQQ traded down $0.84 during mid-day trading on Thursday, reaching $187.79. 1,555,561 shares of the stock traded hands, compared to its average volume of 36,829,720. The firm has a fifty day moving average price of $189.91 and a 200 day moving average price of $182.70. Invesco QQQ Trust has a 1 year low of $143.46 and a 1 year high of $195.55.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Tuesday, June 25th were given a dividend of $0.416 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.89%.

Invesco QQQ Trust 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.

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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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