WJ Wealth Management LLC Has $15.60 Million Stake in Invesco QQQ (NASDAQ:QQQ)

WJ Wealth Management LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,137 shares of the exchange traded fund’s stock after selling 891 shares during the quarter. Invesco QQQ comprises 6.2% of WJ Wealth Management LLC’s portfolio, making the stock its 3rd largest holding. WJ Wealth Management LLC’s holdings in Invesco QQQ were worth $15,602,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of QQQ. Natixis Advisors L.P. lifted its holdings in shares of Invesco QQQ by 26.9% during the third quarter. Natixis Advisors L.P. now owns 16,118 shares of the exchange traded fund’s stock worth $5,775,000 after buying an additional 3,418 shares during the last quarter. Gotham Asset Management LLC lifted its holdings in shares of Invesco QQQ by 2.2% during the third quarter. Gotham Asset Management LLC now owns 5,403 shares of the exchange traded fund’s stock worth $1,936,000 after buying an additional 115 shares during the last quarter. First Business Financial Services Inc. lifted its holdings in shares of Invesco QQQ by 36.2% during the third quarter. First Business Financial Services Inc. now owns 895 shares of the exchange traded fund’s stock worth $321,000 after buying an additional 238 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Invesco QQQ by 2.2% in the third quarter. Jones Financial Companies Lllp now owns 2,511 shares of the exchange traded fund’s stock valued at $900,000 after purchasing an additional 55 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Invesco QQQ by 46.2% in the third quarter. Lazard Asset Management LLC now owns 16,155 shares of the exchange traded fund’s stock valued at $5,787,000 after purchasing an additional 5,105 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $479.11 on Monday. The business has a fifty day simple moving average of $454.85 and a 200 day simple moving average of $436.77. Invesco QQQ has a one year low of $342.35 and a one year high of $487.20.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be paid a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.64%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 24th.

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.