AE Wealth Management LLC Purchases 72,364 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

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AE Wealth Management LLC raised its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 86.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,861 shares of the exchange traded fund’s stock after acquiring an additional 72,364 shares during the quarter. Invesco QQQ Trust makes up 0.9% of AE Wealth Management LLC’s investment portfolio, making the stock its 26th largest holding. AE Wealth Management LLC’s holdings in Invesco QQQ Trust were worth $29,105,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Farmers National Bank bought a new stake in shares of Invesco QQQ Trust during the first quarter valued at approximately $28,000. Larson Financial Group LLC bought a new stake in Invesco QQQ Trust in the second quarter valued at $29,000. Crosspoint Capital Strategies LLC bought a new stake in Invesco QQQ Trust in the first quarter valued at $43,000. St. Johns Investment Management Company LLC bought a new stake in shares of Invesco QQQ Trust during the first quarter worth $61,000. Finally, Spectrum Management Group Inc. grew its holdings in shares of Invesco QQQ Trust by 29.3% during the first quarter. Spectrum Management Group Inc. now owns 433 shares of the exchange traded fund’s stock worth $78,000 after purchasing an additional 98 shares during the last quarter. 40.07% of the stock is currently owned by institutional investors.

Shares of QQQ stock opened at $182.55 on Friday. Invesco QQQ Trust has a 52 week low of $143.46 and a 52 week high of $195.55. The stock’s fifty day moving average is $189.99 and its 200-day moving average is $182.42.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, June 25th were paid a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.91%. The ex-dividend date was Monday, June 24th.

Invesco QQQ Trust 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.

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

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