Bogart Wealth LLC Expands Investment in Invesco QQQ Shares

Bogart Wealth LLC has increased its investment in Invesco QQQ (NASDAQ:QQQ – Free Report) by 3.5% during the third quarter, as outlined in its recent 13F filing with the Securities and Exchange Commission (SEC). After acquiring an additional 759 shares in that timeframe, the fund now holds a total of 22,452 shares of this exchange-traded fund. The total value of Bogart Wealth LLC's holdings in Invesco QQQ stands at approximately $10,958,000 according to its latest SEC report.

In addition to Bogart Wealth LLC, various other institutional investors and hedge funds have also made adjustments to their positions in QQQ. For instance, Prospect Financial Services LLC raised its stake by 0.3% during the second quarter and currently owns 6,385 shares worth $3,059,000, having acquired an additional 21 shares. Skyline Advisors Inc. increased its holdings by 5.0% in the third quarter and now possesses 441 shares valued at $215,000 after purchasing 21 additional shares.

Similarly, Sweeney & Michel LLC boosted its investment in QQQ by 4.0% during the second quarter, holding 575 shares valued at $286,000 after adding 22 shares. Family Firm Inc. also saw a 3.1% increase in its holdings during the second quarter, now owning 738 shares worth $354,000 after buying another 22 shares. Lastly, MPS Loria Financial Planners LLC lifted its position by 0.8% in the third quarter, now owning 2,656 shares valued at $1,297,000 after an additional purchase of 22 shares. Overall, hedge funds and institutional investors collectively hold 44.58% of Invesco QQQ’s shares.

Current Stock Information

As of Friday, NASDAQ QQQ opened at $492.32. The stock has recorded a one-year low of $342.35 and a high of $503.52. Its 50-day moving average is $479.75, while its 200-day moving average stands at $466.12.

Dividend Announcement

Invesco QQQ has also made a notable announcement regarding dividends. The firm will distribute a quarterly dividend on Thursday, October 31st, for stockholders who were on record as of Monday, September 23rd. The dividend payout will be $0.677, which translates to an annualized dividend of $2.71, yielding about 0.55%. The ex-dividend date for this distribution is also set for Monday, September 23rd.

About Invesco QQQ

The PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities known as Nasdaq-100 Index Tracking Stock. The investment objective of the Trust is to deliver investment results that typically correspond to the performance of the Nasdaq-100 Index in terms of price and yield. This Trust allows investors to purchase units of beneficial interest, which represent a proportionate undivided interest in the securities portfolio held by the Trust, mirroring substantially all of the component securities of the Nasdaq-100 Index in similar weights.

Bogart, Wealth, Investment