Invesco QQQ $QQQ Position Boosted by Gouws Capital LLC

Gouws Capital LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 917.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 45,019 shares of the exchange traded fund’s stock after purchasing an additional 40,595 shares during the period. Invesco QQQ accounts for about 14.9% of Gouws Capital LLC’s investment portfolio, making the stock its biggest holding. Gouws Capital LLC’s holdings in Invesco QQQ were worth $27,028,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Fifth Third Securities Inc. grew its position in shares of Invesco QQQ by 2.6% during the third quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock valued at $65,959,000 after purchasing an additional 2,822 shares in the last quarter. SK Wealth Management LLC bought a new position in Invesco QQQ during the third quarter valued at approximately $803,000. Great Point Wealth Advisors LLC purchased a new position in Invesco QQQ during the 3rd quarter valued at approximately $507,000. BCGM Wealth Management LLC grew its holdings in Invesco QQQ by 13.6% during the 2nd quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock valued at $14,120,000 after buying an additional 3,066 shares in the last quarter. Finally, Gateway Investment Advisers LLC bought a new stake in Invesco QQQ in the 3rd quarter worth approximately $2,086,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7%

Shares of QQQ opened at $620.76 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The business’s 50 day simple moving average is $616.24 and its 200-day simple moving average is $597.20.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a dividend of $0.7941 per share. This represents a $3.18 annualized dividend and a yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date was Monday, December 22nd.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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