IAG Wealth Partners LLC Has $247,000 Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

IAG Wealth Partners LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 27.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 668 shares of the exchange traded fund’s stock after purchasing an additional 144 shares during the period. IAG Wealth Partners LLC’s holdings in Invesco QQQ were worth $247,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Invesco QQQ by 98,555.0% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 242,795,859 shares of the exchange traded fund’s stock worth $89,693,646,000 after acquiring an additional 242,549,753 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its stake in Invesco QQQ by 156,045.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after buying an additional 43,463,232 shares in the last quarter. Morgan Stanley boosted its stake in Invesco QQQ by 10.0% during the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after buying an additional 1,533,114 shares in the last quarter. Barclays PLC boosted its stake in Invesco QQQ by 113.5% during the second quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock worth $2,134,368,000 after buying an additional 48,423,350 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Invesco QQQ by 3.6% during the first quarter. Envestnet Asset Management Inc. now owns 4,761,075 shares of the exchange traded fund’s stock worth $1,527,972,000 after buying an additional 167,217 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Invesco QQQ Stock Up 0.4 %

QQQ traded up $1.56 during trading on Monday, reaching $387.60. 9,599,709 shares of the company’s stock were exchanged, compared to its average volume of 53,492,516. Invesco QQQ has a fifty-two week low of $259.73 and a fifty-two week high of $388.65. The business has a 50 day moving average price of $365.20 and a 200 day moving average price of $362.91.

Invesco QQQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, September 19th were paid a dividend of $0.5389 per share. The ex-dividend date of this dividend was Monday, September 18th. This represents a $2.16 dividend on an annualized basis and a yield of 0.56%.

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.