Yarger Wealth Strategies LLC Buys 364 Shares of Invesco QQQ $QQQ

Yarger Wealth Strategies LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,776 shares of the exchange traded fund’s stock after buying an additional 364 shares during the period. Invesco QQQ makes up about 2.0% of Yarger Wealth Strategies LLC’s investment portfolio, making the stock its 16th largest holding. Yarger Wealth Strategies LLC’s holdings in Invesco QQQ were worth $3,738,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of QQQ. Kingstone Capital Partners Texas LLC increased its holdings in shares of Invesco QQQ by 704,593.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after purchasing an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Invesco QQQ by 959.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after purchasing an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. bought a new stake in shares of Invesco QQQ in the 1st quarter worth $2,775,904,000. Spear Holdings RSC Ltd bought a new stake in shares of Invesco QQQ in the 1st quarter worth $474,600,000. Finally, Altimeter Capital Management LP bought a new stake in shares of Invesco QQQ in the 1st quarter worth $463,293,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $589.55 on Monday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18. The stock’s fifty day moving average price is $583.89 and its 200-day moving average price is $536.68.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco QQQ 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.