Cerity Partners LLC Has $403.57 Million Position in Invesco QQQ $QQQ

Cerity Partners LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 4.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 731,557 shares of the exchange traded fund’s stock after purchasing an additional 32,380 shares during the period. Invesco QQQ comprises 0.7% of Cerity Partners LLC’s portfolio, making the stock its 24th largest holding. Cerity Partners LLC’s holdings in Invesco QQQ were worth $403,569,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in QQQ. Kingstone Capital Partners Texas LLC increased its position in Invesco QQQ by 704,593.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after acquiring an additional 67,605,770 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Invesco QQQ by 42.4% during the second quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after purchasing an additional 1,457,109 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco QQQ by 0.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund’s stock valued at $1,778,116,000 after purchasing an additional 22,220 shares during the last quarter. Symphony Financial Ltd. Co. acquired a new stake in shares of Invesco QQQ in the second quarter valued at approximately $1,236,482,000. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Invesco QQQ by 6.3% in the second quarter. Rockefeller Capital Management L.P. now owns 1,101,906 shares of the exchange traded fund’s stock valued at $611,049,000 after purchasing an additional 65,387 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.4%

NASDAQ:QQQ opened at $625.48 on Friday. The stock’s fifty day moving average price is $611.54 and its two-hundred day moving average price is $576.73. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were paid a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a dividend yield of 0.4%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend 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.