Invesco QQQ (NASDAQ:QQQ) Shares Bought by Wedbush Securities Inc.

Wedbush Securities Inc. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 12.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,842 shares of the exchange traded fund’s stock after purchasing an additional 11,950 shares during the period. Invesco QQQ makes up about 1.9% of Wedbush Securities Inc.’s holdings, making the stock its 7th biggest position. Wedbush Securities Inc.’s holdings in Invesco QQQ were worth $53,585,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new position in Invesco QQQ during the 1st quarter valued at about $28,000. Deane Retirement Strategies Inc. purchased a new stake in Invesco QQQ in the 1st quarter valued at approximately $29,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ during the 2nd quarter valued at $30,000. Legacy Bridge LLC lifted its position in shares of Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco QQQ during the fourth quarter valued at $35,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $452.41 on Monday. The firm has a 50-day moving average price of $472.43 and a 200 day moving average price of $456.33. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were given a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.

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.