Signature Wealth Management Partners LLC Grows Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Signature Wealth Management Partners LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 9.3% during the second quarter, Holdings Channel.com reports. The fund owned 1,219 shares of the exchange traded fund’s stock after purchasing an additional 104 shares during the quarter. Signature Wealth Management Partners LLC’s holdings in Invesco QQQ were worth $584,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in shares of Invesco QQQ by 40,957.3% during the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after purchasing an additional 28,263,426 shares in the last quarter. Global Assets Advisory LLC bought a new stake in shares of Invesco QQQ during the 1st quarter valued at about $1,580,776,000. Steel Grove Capital Advisors LLC boosted its stake in shares of Invesco QQQ by 934.0% during the 1st 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 purchasing an additional 3,102,568 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Invesco QQQ by 7.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock valued at $1,013,490,000 after purchasing an additional 162,691 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp boosted its stake in shares of Invesco QQQ by 30.7% during the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock valued at $819,814,000 after purchasing an additional 433,317 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.2 %

Shares of QQQ traded up $0.97 during trading hours on Monday, reaching $451.38. 27,729,240 shares of the company traded hands, compared to its average volume of 41,113,539. The company’s fifty day moving average price is $473.75 and its two-hundred day moving average price is $450.67. Invesco QQQ has a 12 month low of $342.35 and a 12 month 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 paid a dividend of $0.7615 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $3.05 annualized dividend and a yield of 0.67%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.

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.