Ironwood Wealth Management LLC. Acquires 23 Shares of Invesco QQQ (NASDAQ:QQQ)

Ironwood Wealth Management LLC. raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.2% in the second quarter, Holdings Channel reports. The firm owned 10,380 shares of the exchange traded fund’s stock after purchasing an additional 23 shares during the period. Invesco QQQ accounts for 1.6% of Ironwood Wealth Management LLC.’s investment portfolio, making the stock its 28th largest holding. Ironwood Wealth Management LLC.’s holdings in Invesco QQQ were worth $4,973,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of QQQ. Global Assets Advisory LLC bought a new position in shares of Invesco QQQ during the 1st quarter worth $1,580,776,000. Steel Grove Capital Advisors LLC lifted its holdings in Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after purchasing an additional 3,102,568 shares during the last quarter. Granite Bay Wealth Management LLC boosted its position in Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after purchasing an additional 894,532 shares during the period. Harvard Management Co. Inc. purchased a new position in shares of Invesco QQQ in the first quarter worth about $304,591,000. Finally, CHURCHILL MANAGEMENT Corp raised its position in shares of Invesco QQQ by 30.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock valued at $819,814,000 after purchasing an additional 433,317 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $473.22 on Friday. The firm’s 50 day moving average is $470.51 and its 200 day moving average is $456.80. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52.

Invesco QQQ Increases Dividend

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

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.