Petros Family Wealth LLC Invests $252,000 in Invesco QQQ $QQQ

Petros Family Wealth LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 456 shares of the exchange traded fund’s stock, valued at approximately $252,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Marshall & Sullivan Inc. WA acquired a new position in shares of Invesco QQQ during the second quarter worth about $41,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ during the first quarter worth about $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ during the first quarter worth about $51,000. Blume Capital Management Inc. raised its holdings in Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC raised its holdings in Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 120 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.8%

QQQ opened at $607.71 on Tuesday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $609.36. The business’s 50-day simple moving average is $580.65 and its 200 day simple moving average is $533.42.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be paid a $0.694 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, September 22nd.

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.