Invesco QQQ (NASDAQ:QQQ) Holdings Reduced by WPWealth LLP

WPWealth LLP decreased its position in Invesco QQQ (NASDAQ:QQQ) by 11.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,154 shares of the exchange traded fund’s stock after selling 154 shares during the period. WPWealth LLP’s holdings in Invesco QQQ were worth $512,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Summit X LLC grew its position in shares of Invesco QQQ by 0.4% during the 4th quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock worth $2,451,000 after buying an additional 24 shares during the period. CarsonAllaria Wealth Management Ltd. grew its position in shares of Invesco QQQ by 30.4% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 24 shares during the period. Cedrus LLC grew its position in shares of Invesco QQQ by 1.7% during the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after buying an additional 25 shares during the period. Waterfront Wealth Inc. grew its position in shares of Invesco QQQ by 3.1% during the 4th quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock worth $344,000 after buying an additional 25 shares during the period. Finally, ERn Financial LLC grew its position in shares of Invesco QQQ by 4.5% during the 1st quarter. ERn Financial LLC now owns 586 shares of the exchange traded fund’s stock worth $260,000 after buying an additional 25 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.4 %

Shares of NASDAQ:QQQ traded down $6.37 during trading on Tuesday, hitting $457.53. 40,752,027 shares of the company’s stock were exchanged, compared to its average volume of 40,331,012. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52. The firm has a 50-day moving average price of $474.91 and a two-hundred day moving average price of $448.69.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be given a dividend of $0.7615 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 24th. This represents a $3.05 annualized dividend and a dividend yield of 0.67%.

Invesco QQQ 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.