Cerity Partners LLC Acquires 32,380 Shares of Invesco QQQ $QQQ

Cerity Partners LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 4.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 731,557 shares of the exchange traded fund’s stock after acquiring an additional 32,380 shares during the period. Invesco QQQ makes up about 0.7% of Cerity Partners LLC’s investment portfolio, making the stock its 24th biggest position. Cerity Partners LLC owned 0.12% of Invesco QQQ worth $403,569,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Compass Financial Services Inc boosted its holdings in Invesco QQQ by 0.4% during the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock valued at $2,345,000 after purchasing an additional 19 shares in the last quarter. Vermillion Wealth Management Inc. lifted its position in shares of Invesco QQQ by 4.2% during the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock worth $271,000 after buying an additional 20 shares during the period. Barrett & Company Inc. lifted its position in shares of Invesco QQQ by 14.9% during the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock worth $85,000 after buying an additional 20 shares during the period. waypoint wealth counsel boosted its stake in Invesco QQQ by 0.6% in the 2nd quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund’s stock valued at $1,964,000 after buying an additional 20 shares in the last quarter. Finally, Investment Advisory Group LLC grew its position in Invesco QQQ by 0.4% in the second quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund’s stock valued at $3,158,000 after acquiring an additional 20 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.4%

Invesco QQQ stock opened at $625.48 on Friday. The stock has a fifty day moving average price of $611.54 and a two-hundred day moving average price of $576.73. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were given a dividend of $0.694 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.4%.

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.