Yarger Wealth Strategies LLC Acquires 1,226 Shares of Invesco QQQ (NASDAQ:QQQ)

Yarger Wealth Strategies LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 104.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,395 shares of the exchange traded fund’s stock after buying an additional 1,226 shares during the period. Yarger Wealth Strategies LLC’s holdings in Invesco QQQ were worth $1,147,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ in the 1st quarter valued at about $28,000. Deane Retirement Strategies Inc. acquired a new stake in Invesco QQQ in the first quarter valued at approximately $29,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ during the second quarter valued at approximately $30,000. Legacy Bridge LLC raised its position in shares of Invesco QQQ by 800.0% during the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 64 shares during the period. Finally, Voisard Asset Management Group Inc. bought a new position in shares of Invesco QQQ in the 4th quarter worth $35,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $473.24 on Tuesday. The company has a fifty day simple moving average of $469.61 and a 200 day simple moving average of $457.60. 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 announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were given a dividend of $0.7615 per share. The ex-dividend date of this dividend was Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.64%.

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.