International Private Wealth Advisors LLC Purchases 1,481 Shares of Invesco QQQ $QQQ

International Private Wealth Advisors LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 67.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,676 shares of the exchange traded fund’s stock after purchasing an additional 1,481 shares during the quarter. Invesco QQQ comprises approximately 1.7% of International Private Wealth Advisors LLC’s investment portfolio, making the stock its 13th largest position. International Private Wealth Advisors LLC’s holdings in Invesco QQQ were worth $2,028,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC increased its stake in shares of Invesco QQQ by 704,593.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after acquiring an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Invesco QQQ by 959.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock valued at $11,300,023,000 after acquiring an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. bought a new stake in shares of Invesco QQQ in the 1st quarter valued at $2,775,904,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco QQQ by 1.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund’s stock valued at $1,501,063,000 after acquiring an additional 52,234 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of Invesco QQQ by 2.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock valued at $1,163,036,000 after acquiring an additional 54,944 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.7%

NASDAQ:QQQ opened at $599.35 on Friday. The company has a fifty day moving average of $572.19 and a 200-day moving average of $523.62. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $600.05.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were paid a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.4%.

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.