UP Strategic Wealth Investment Advisors LLC Has $660,000 Stake in Invesco QQQ (NASDAQ:QQQ)

UP Strategic Wealth Investment Advisors LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 3.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,378 shares of the exchange traded fund’s stock after selling 46 shares during the quarter. Invesco QQQ accounts for approximately 1.0% of UP Strategic Wealth Investment Advisors LLC’s holdings, making the stock its 22nd biggest holding. UP Strategic Wealth Investment Advisors LLC’s holdings in Invesco QQQ were worth $660,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Global Assets Advisory LLC acquired a new stake in Invesco QQQ in the first quarter worth about $1,580,776,000. Steel Grove Capital Advisors LLC lifted its holdings in Invesco QQQ by 934.0% in the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after buying an additional 3,102,568 shares during the period. Strategic Financial Concepts LLC lifted its holdings in Invesco QQQ by 18,691.3% in the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after buying an additional 2,762,571 shares during the period. Commonwealth Equity Services LLC boosted its stake in Invesco QQQ by 2.6% in the second quarter. Commonwealth Equity Services LLC now owns 2,544,540 shares of the exchange traded fund’s stock valued at $1,219,115,000 after acquiring an additional 64,401 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Invesco QQQ by 10.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,241,509 shares of the exchange traded fund’s stock worth $1,073,929,000 after acquiring an additional 206,608 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $471.44 on Thursday. The business has a 50-day moving average of $468.49 and a 200-day moving average of $457.89. Invesco QQQ has a 1 year low of $342.35 and a 1 year 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 $0.7615 dividend. The ex-dividend date was Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.65%.

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.