BCGM Wealth Management LLC Raises Holdings in Invesco QQQ $QQQ

BCGM Wealth Management LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 13.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,597 shares of the exchange traded fund’s stock after acquiring an additional 3,066 shares during the period. Invesco QQQ accounts for about 4.0% of BCGM Wealth Management LLC’s investment portfolio, making the stock its 4th largest position. BCGM Wealth Management LLC’s holdings in Invesco QQQ were worth $14,120,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. Kingstone Capital Partners Texas LLC grew its holdings in shares of Invesco QQQ by 704,593.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after purchasing an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Invesco QQQ by 959.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after purchasing an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. acquired a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $2,775,904,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco QQQ by 1.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund’s stock worth $1,501,063,000 after purchasing an additional 52,234 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Invesco QQQ by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock worth $1,163,036,000 after buying an additional 54,944 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $629.07 on Monday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The business has a 50 day simple moving average of $596.70 and a 200 day simple moving average of $554.59.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were given a $0.694 dividend. This represents a $2.78 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.