Outlook Wealth Advisors LLC Has $15.75 Million Position in Invesco QQQ $QQQ

Outlook Wealth Advisors LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 28,546 shares of the exchange traded fund’s stock after acquiring an additional 379 shares during the quarter. Invesco QQQ comprises about 4.0% of Outlook Wealth Advisors LLC’s holdings, making the stock its 5th largest position. Outlook Wealth Advisors LLC’s holdings in Invesco QQQ were worth $15,747,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. GSG Advisors LLC boosted its position in shares of Invesco QQQ by 8.2% in the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock worth $3,600,000 after purchasing an additional 585 shares during the last quarter. Amundi increased its holdings in Invesco QQQ by 6.3% in the first quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after purchasing an additional 6,600 shares during the last quarter. Greykasell Wealth Strategies Inc. lifted its stake in Invesco QQQ by 8.4% in the first quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock valued at $3,649,000 after buying an additional 605 shares during the period. AM Investment Strategies LLC boosted its holdings in Invesco QQQ by 46.5% during the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock worth $904,000 after buying an additional 612 shares during the last quarter. Finally, Banco Santander S.A. boosted its holdings in Invesco QQQ by 100.2% during the first quarter. Banco Santander S.A. now owns 75,125 shares of the exchange traded fund’s stock worth $35,228,000 after buying an additional 37,605 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $596.31 on Wednesday. The business has a 50-day moving average of $606.67 and a 200-day moving average of $567.44. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were issued a $0.694 dividend. This represents a $2.78 annualized dividend and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd.

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.