Venturi Wealth Management LLC Has $2.68 Million Position in Invesco QQQ $QQQ

Venturi Wealth Management LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,852 shares of the exchange traded fund’s stock after acquiring an additional 315 shares during the quarter. Venturi Wealth Management LLC’s holdings in Invesco QQQ were worth $2,677,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of QQQ. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ during the second quarter worth $41,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ during the first quarter worth $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ during the first quarter worth $51,000. Blume Capital Management Inc. grew its holdings in shares of 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 purchasing an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC grew its holdings in shares of 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 purchasing an additional 120 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $611.44 on Thursday. The stock’s fifty day moving average is $582.26 and its 200-day moving average is $534.45. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $611.75.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be issued 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.