Archvest Wealth Advisors Inc. Buys 144 Shares of Invesco QQQ $QQQ

Archvest Wealth Advisors Inc. raised its stake in Invesco QQQ (NASDAQ:QQQ) by 8.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,795 shares of the exchange traded fund’s stock after acquiring an additional 144 shares during the quarter. Invesco QQQ makes up 0.9% of Archvest Wealth Advisors Inc.’s holdings, making the stock its 26th biggest position. Archvest Wealth Advisors Inc.’s holdings in Invesco QQQ were worth $990,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Morgan Dempsey Capital Management LLC bought a new position in Invesco QQQ during the second quarter valued at $30,000. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ in the second quarter valued at $41,000. Moser Wealth Advisors LLC lifted its position in shares of Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 93 shares during the last quarter. Atlantic Private Wealth LLC lifted its position in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 120 shares during the last quarter. Finally, Ransom Advisory Ltd bought a new position in shares of Invesco QQQ during the 1st quarter worth $70,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $585.67 on Friday. The business has a 50-day moving average of $607.08 and a 200 day moving average of $567.79. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were given a dividend of $0.694 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, September 22nd.

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.