Mittelman Wealth Management Has $208,000 Stock Position in Invesco QQQ (NASDAQ:QQQ)

Mittelman Wealth Management lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 9.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 434 shares of the exchange traded fund’s stock after selling 45 shares during the quarter. Mittelman Wealth Management’s holdings in Invesco QQQ were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Garner Asset Management Corp lifted its holdings in Invesco QQQ by 6.4% in the 2nd quarter. Garner Asset Management Corp now owns 19,989 shares of the exchange traded fund’s stock worth $9,577,000 after purchasing an additional 1,200 shares during the last quarter. Carolinas Wealth Consulting LLC lifted its stake in shares of Invesco QQQ by 3.8% in the second quarter. Carolinas Wealth Consulting LLC now owns 3,281 shares of the exchange traded fund’s stock worth $1,572,000 after buying an additional 120 shares during the last quarter. SkyOak Wealth LLC boosted its holdings in shares of Invesco QQQ by 1.5% during the 2nd quarter. SkyOak Wealth LLC now owns 9,293 shares of the exchange traded fund’s stock worth $4,452,000 after buying an additional 133 shares during the period. Lokken Investment Group LLC boosted its holdings in shares of Invesco QQQ by 2.6% during the 2nd quarter. Lokken Investment Group LLC now owns 4,943 shares of the exchange traded fund’s stock worth $2,368,000 after buying an additional 125 shares during the period. Finally, Blair William & Co. IL grew its stake in Invesco QQQ by 6.3% in the 2nd quarter. Blair William & Co. IL now owns 225,762 shares of the exchange traded fund’s stock valued at $108,165,000 after buying an additional 13,465 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $471.44 on Thursday. The firm has a fifty day moving average price of $468.49 and a two-hundred day moving average price of $457.89. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were given a dividend of $0.7615 per share. This represents a $3.05 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Monday, June 24th. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57.

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.