5,182 Shares in Invesco QQQ $QQQ Purchased by BLVD Private Wealth LLC

BLVD Private Wealth LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ) during the second quarter, HoldingsChannel.com reports. The fund purchased 5,182 shares of the exchange traded fund’s stock, valued at approximately $2,859,000. Invesco QQQ accounts for approximately 2.7% of BLVD Private Wealth LLC’s investment portfolio, making the stock its 8th biggest position.

Other large investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC raised its position in shares of 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 worth $37,299,340,000 after purchasing an additional 67,605,770 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Invesco QQQ by 42.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock valued at $2,700,424,000 after purchasing an additional 1,457,109 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco QQQ by 0.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund’s stock worth $1,778,116,000 after buying an additional 22,220 shares during the last quarter. HRT Financial LP lifted its stake in shares of Invesco QQQ by 118.3% in the second quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after buying an additional 1,704,600 shares in the last quarter. Finally, Symphony Financial Ltd. Co. purchased a new stake in shares of Invesco QQQ during the second quarter valued at approximately $1,236,482,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.9%

QQQ stock opened at $613.62 on Friday. The stock’s 50 day simple moving average is $613.64 and its 200 day simple moving average is $580.58. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were given a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.