Kiley Juergens Wealth Management LLC Buys 46 Shares of Invesco QQQ (NASDAQ:QQQ)

Kiley Juergens Wealth Management LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 0.1% during the second quarter, HoldingsChannel.com reports. The fund owned 54,107 shares of the exchange traded fund’s stock after buying an additional 46 shares during the period. Invesco QQQ makes up approximately 7.2% of Kiley Juergens Wealth Management LLC’s holdings, making the stock its 4th biggest position. Kiley Juergens Wealth Management LLC’s holdings in Invesco QQQ were worth $25,923,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of QQQ. International Assets Investment Management LLC grew its holdings in shares of Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after buying an additional 28,263,426 shares in the last quarter. Cetera Trust Company N.A purchased a new position in shares of Invesco QQQ during the fourth quarter valued at $298,000. OLD National Bancorp IN grew its holdings in shares of Invesco QQQ by 13.2% during the fourth quarter. OLD National Bancorp IN now owns 2,140 shares of the exchange traded fund’s stock valued at $876,000 after buying an additional 249 shares in the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. grew its holdings in shares of Invesco QQQ by 789.5% during the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 88,813 shares of the exchange traded fund’s stock valued at $36,371,000 after buying an additional 78,828 shares in the last quarter. Finally, Diversified LLC grew its holdings in shares of Invesco QQQ by 20.3% during the fourth quarter. Diversified LLC now owns 4,252 shares of the exchange traded fund’s stock valued at $1,741,000 after buying an additional 717 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ stock traded down $7.65 on Thursday, reaching $474.85. 37,617,166 shares of the company’s stock traded hands, compared to its average volume of 40,735,676. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The business’s 50 day moving average price is $475.07 and its two-hundred day moving average price is $453.08.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were given a dividend of $0.7615 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a yield of 0.64%.

About Invesco QQQ

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.