Amplius Wealth Advisors LLC Has $33.06 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Amplius Wealth Advisors LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,739 shares of the exchange traded fund’s stock after acquiring an additional 2,266 shares during the period. Invesco QQQ makes up about 3.6% of Amplius Wealth Advisors LLC’s holdings, making the stock its 9th biggest position. Amplius Wealth Advisors LLC’s holdings in Invesco QQQ were worth $33,061,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. Prospect Financial Services LLC raised its holdings in shares of Invesco QQQ by 0.3% in the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after acquiring an additional 21 shares in the last quarter. Skyline Advisors Inc. increased its position in shares of Invesco QQQ by 5.0% in the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after purchasing an additional 21 shares during the last quarter. Sweeney & Michel LLC raised its stake in Invesco QQQ by 4.0% in the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock valued at $286,000 after purchasing an additional 22 shares in the last quarter. Family Firm Inc. lifted its position in Invesco QQQ by 3.1% during the second quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock valued at $354,000 after purchasing an additional 22 shares during the last quarter. Finally, Merriman Wealth Management LLC increased its holdings in shares of Invesco QQQ by 0.5% in the 2nd quarter. Merriman Wealth Management LLC now owns 5,044 shares of the exchange traded fund’s stock worth $2,420,000 after buying an additional 23 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $490.91 on Thursday. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The firm’s fifty day moving average price is $475.94 and its 200-day moving average price is $464.29.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.

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.