Ashton Thomas Private Wealth LLC Grows Holdings in Invesco QQQ (NASDAQ:QQQ)

Ashton Thomas Private Wealth LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,422 shares of the exchange traded fund’s stock after buying an additional 1,185 shares during the quarter. Invesco QQQ makes up approximately 1.0% of Ashton Thomas Private Wealth LLC’s portfolio, making the stock its 17th largest holding. Ashton Thomas Private Wealth LLC’s holdings in Invesco QQQ were worth $17,929,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of QQQ. New Covenant Trust Company N.A. purchased a new position in shares of Invesco QQQ during the 1st quarter worth approximately $28,000. Mechanics Financial Corp purchased a new stake in shares of Invesco QQQ in the 2nd quarter worth $30,000. Deane Retirement Strategies Inc. bought a new position in Invesco QQQ in the 1st quarter worth $29,000. Legacy Bridge LLC lifted its stake in Invesco QQQ by 800.0% in the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Finally, Voisard Asset Management Group Inc. purchased a new position in shares of Invesco QQQ in the fourth quarter valued at $35,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $448.69 on Monday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The firm has a 50-day moving average price of $472.43 and a 200-day moving average price of $456.33.

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 issued a $0.7615 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, June 24th.

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.