Intercontinental Wealth Advisors LLC Raises Holdings in Invesco QQQ Trust (QQQ)

Intercontinental Wealth Advisors LLC grew its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 9.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 177,947 shares of the exchange traded fund’s stock after acquiring an additional 15,520 shares during the period. Invesco QQQ Trust makes up approximately 16.6% of Intercontinental Wealth Advisors LLC’s portfolio, making the stock its 2nd largest position. Intercontinental Wealth Advisors LLC’s holdings in Invesco QQQ Trust were worth $33,061,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of QQQ. Cornerstone Wealth Management LLC raised its stake in shares of Invesco QQQ Trust by 17,565.4% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 4,183,694 shares of the exchange traded fund’s stock worth $24,211,000 after buying an additional 4,160,011 shares during the last quarter. Charles Schwab Investment Advisory Inc. acquired a new position in shares of Invesco QQQ Trust during the 2nd quarter worth $434,551,000. CHURCHILL MANAGEMENT Corp raised its stake in shares of Invesco QQQ Trust by 51.4% during the 3rd quarter. CHURCHILL MANAGEMENT Corp now owns 1,863,514 shares of the exchange traded fund’s stock worth $346,222,000 after buying an additional 633,057 shares during the last quarter. Summit Trail Advisors LLC raised its stake in shares of Invesco QQQ Trust by 14,742.9% during the 1st quarter. Summit Trail Advisors LLC now owns 1,722,811 shares of the exchange traded fund’s stock worth $1,723,000 after buying an additional 1,711,204 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco QQQ Trust by 7.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,477,438 shares of the exchange traded fund’s stock worth $253,613,000 after buying an additional 101,264 shares during the last quarter. Institutional investors own 39.00% of the company’s stock.

NASDAQ:QQQ opened at $177.22 on Wednesday. Invesco QQQ Trust has a 52-week low of $146.33 and a 52-week high of $187.53.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Tuesday, September 25th will be paid a dividend of $0.3298 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Monday, September 24th.

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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