Invesco QQQ $QQQ Stake Boosted by Base Wealth Management LLC

Base Wealth Management LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 12.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 15,681 shares of the exchange traded fund’s stock after acquiring an additional 1,742 shares during the period. Invesco QQQ comprises 5.5% of Base Wealth Management LLC’s holdings, making the stock its 6th largest position. Base Wealth Management LLC’s holdings in Invesco QQQ were worth $8,650,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in QQQ. Morgan Dempsey Capital Management LLC purchased a new stake in Invesco QQQ during the 2nd quarter valued at $30,000. Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ during the second quarter valued at about $41,000. Moser Wealth Advisors LLC boosted its holdings in shares of Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 93 shares during the period. Ransom Advisory Ltd purchased a new stake in shares of Invesco QQQ during the first quarter worth about $70,000. Finally, Barrett & Company Inc. grew its stake in shares of Invesco QQQ by 14.9% in the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock worth $85,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $613.62 on Monday. The stock’s 50-day moving average is $613.64 and its 200 day moving average is $581.01. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently announced 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 0.5%. 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.