Aprio Wealth Management LLC Buys 3,222 Shares of Invesco QQQ (NASDAQ:QQQ)

Aprio Wealth Management LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 97.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,538 shares of the exchange traded fund’s stock after purchasing an additional 3,222 shares during the quarter. Invesco QQQ comprises about 0.7% of Aprio Wealth Management LLC’s portfolio, making the stock its 27th biggest position. Aprio Wealth Management LLC’s holdings in Invesco QQQ were worth $2,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Aspire Private Capital LLC bought a new position in Invesco QQQ in the first quarter valued at approximately $13,479,060,000. Barrett & Company Inc. bought a new position in Invesco QQQ in the first quarter valued at approximately $26,000. Cascade Investment Advisors Inc. bought a new position in Invesco QQQ in the first quarter valued at approximately $28,000. Elequin Securities LLC bought a new position in Invesco QQQ in the first quarter valued at approximately $47,000. Finally, Clear Investment Research LLC boosted its stake in Invesco QQQ by 71.7% in the first quarter. Clear Investment Research LLC now owns 158 shares of the exchange traded fund’s stock valued at $51,000 after acquiring an additional 66 shares during the last quarter. 43.95% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock traded down $1.76 during midday trading on Tuesday, reaching $368.90. The company’s stock had a trading volume of 23,183,135 shares, compared to its average volume of 53,451,121. Invesco QQQ has a 52 week low of $254.26 and a 52 week high of $387.98. The business’s 50-day simple moving average is $373.20 and its 200-day simple moving average is $348.47.

Invesco QQQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 19th will be given a dividend of $0.5389 per share. The ex-dividend date is Monday, September 18th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 0.58%.

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.