Bogart Wealth LLC Has $14.12 Million Stake in Invesco QQQ $QQQ

Bogart Wealth LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.8% in the 1st quarter, Holdings Channel reports. The firm owned 24,460 shares of the exchange traded fund’s stock after purchasing an additional 1,121 shares during the quarter. Bogart Wealth LLC’s holdings in Invesco QQQ were worth $14,118,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortune 45 LLC grew its position in shares of Invesco QQQ by 6.5% in the 1st quarter. Fortune 45 LLC now owns 93,583 shares of the exchange traded fund’s stock valued at $54,014,000 after buying an additional 5,693 shares during the last quarter. Ascentis Independent Advisors increased its stake in shares of Invesco QQQ by 81.5% in the first quarter. Ascentis Independent Advisors now owns 21,164 shares of the exchange traded fund’s stock valued at $12,217,000 after buying an additional 9,504 shares during the period. AdvisorShares Investments LLC raised its position in shares of Invesco QQQ by 0.9% during the first quarter. AdvisorShares Investments LLC now owns 94,181 shares of the exchange traded fund’s stock worth $54,359,000 after acquiring an additional 806 shares during the last quarter. Wealth Management Resources Inc. bought a new position in shares of Invesco QQQ during the first quarter worth about $230,000. Finally, Walkner Condon Financial Advisors LLC lifted its stake in shares of Invesco QQQ by 1.3% in the first quarter. Walkner Condon Financial Advisors LLC now owns 2,353 shares of the exchange traded fund’s stock worth $1,358,000 after acquiring an additional 30 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Weaker-than-expected June jobs data helped cool rate-hike fears, which is generally supportive for growth stocks and the Nasdaq-100 holdings that dominate QQQ. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Market commentary says the Nasdaq sell-off may have created a buying opportunity for QQQ after a weak first half for some of America’s biggest growth names. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Reports that stocks and Nasdaq futures were holding up ahead of the payroll release suggest investors remain willing to stay in or add to large-cap tech exposure through QQQ. S&P 500, Nasdaq Futures Climb While Dow Futures Fall Ahead Of Key Jobs Report: META, MU, JACK, CEG Stocks In Focus

Invesco QQQ Trading Up 0.1%

Shares of QQQ stock opened at $713.61 on Monday. The business’s 50 day simple moving average is $712.54 and its 200 day simple moving average is $646.51. Invesco QQQ has a one year low of $549.58 and a one year high of $748.65.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 22nd will be given a $0.8135 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date is Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%.

About Invesco QQQ

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.