Bogart Wealth LLC Increases Its Investment in Invesco QQQ

During the third quarter of the year, Bogart Wealth LLC expanded its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.5%, as revealed in its latest filing with the Securities and Exchange Commission. After acquiring an additional 759 shares, the firm now owns a total of 22,452 shares in the exchange-traded fund. The overall value of Bogart Wealth LLC's investment in Invesco QQQ is approximately $10,958,000, according to their most recent disclosure.

Several other institutional investors have also made adjustments to their stake in Invesco QQQ. Jackson Wealth Management LLC significantly increased its position in the ETF by 67.5% in the same quarter, leading to a total of 15,997 shares valued at $7,808,000. Additionally, Index Fund Advisors Inc. raised its stake by 12.5%, now holding 1,393 shares worth $680,000 after purchasing 155 extra shares. Impact Partnership Wealth LLC also saw an increase of 12.8%, with a total of 48,711 shares valued at $23,774,000 following the acquisition of 5,518 shares during the last quarter. Grimes & Company Inc. made a smaller increase, growing their position by 2.2%, now owning 6,340 shares worth $3,094,000. Lastly, Asset Planning Services Inc. LA ADV boosted its stake in Invesco QQQ by 8.1%, owning 922 shares valued at $450,000 after adding 69 shares to their portfolio. Overall, institutional investors and hedge funds own roughly 44.58% of the company’s stock.

Invesco QQQ Stock Performance

On the last Friday, Invesco QQQ's stock opened at $492.32. The fund has a 50-day moving average of $479.75 and a 200-day moving average of $466.12. Over the past twelve months, Invesco QQQ has experienced a low of $342.35 and a high of $503.52.

Dividend Announcement from Invesco QQQ

Recently, Invesco QQQ announced that it will distribute a quarterly dividend on October 31st. Shareholders who are on record as of September 23rd will receive a dividend of $0.677. The ex-dividend date for this distribution is also set for September 23rd, resulting in an annualized dividend of $2.71 and a dividend yield of 0.55%.

About Invesco QQQ

PowerShares QQQ Trust, Series 1, is a unit investment trust that issues specific securities known as Nasdaq-100 Index Tracking Stock. The primary goal of the Trust is to deliver investment results that generally correspond to the performance of the Nasdaq-100 Index in terms of price and yield. Investors have the opportunity to purchase beneficial interest units in the Trust, representing undivided interests in a portfolio of securities that closely mirrors the Nasdaq-100 Index's component securities.

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