Larson Financial Group LLC Acquires 6,169 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

Larson Financial Group LLC boosted its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 8.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 77,911 shares of the exchange traded fund’s stock after buying an additional 6,169 shares during the period. Invesco QQQ Trust accounts for 6.4% of Larson Financial Group LLC’s investment portfolio, making the stock its 2nd largest holding. Larson Financial Group LLC’s holdings in Invesco QQQ Trust were worth $27,614,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Blume Capital Management Inc. raised its holdings in shares of Invesco QQQ Trust by 444.0% in the 2nd quarter. Blume Capital Management Inc. now owns 680 shares of the exchange traded fund’s stock valued at $241,000 after purchasing an additional 555 shares in the last quarter. Marcum Wealth LLC raised its holdings in shares of Invesco QQQ Trust by 1.3% in the 2nd quarter. Marcum Wealth LLC now owns 2,874 shares of the exchange traded fund’s stock valued at $1,019,000 after purchasing an additional 38 shares in the last quarter. Wakefield Asset Management LLLP raised its holdings in shares of Invesco QQQ Trust by 1.4% in the 2nd quarter. Wakefield Asset Management LLLP now owns 4,156 shares of the exchange traded fund’s stock valued at $1,473,000 after purchasing an additional 57 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Invesco QQQ Trust by 4.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 1,015,657 shares of the exchange traded fund’s stock valued at $359,979,000 after purchasing an additional 42,395 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of Invesco QQQ Trust by 4.3% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 26,180 shares of the exchange traded fund’s stock valued at $9,279,000 after purchasing an additional 1,081 shares in the last quarter. Institutional investors own 44.18% of the company’s stock.

Shares of NASDAQ QQQ traded down $0.63 during mid-day trading on Wednesday, reaching $374.63. The company had a trading volume of 906,509 shares, compared to its average volume of 41,776,973. The firm has a 50 day simple moving average of $369.05 and a two-hundred day simple moving average of $344.77. Invesco QQQ Trust has a 52-week low of $260.11 and a 52-week high of $382.78.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 30th. Investors of record on Tuesday, June 22nd were given a $0.397 dividend. This represents a $1.59 dividend on an annualized basis and a dividend yield of 0.42%. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, June 21st.

Invesco QQQ Trust Company 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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