ARS Wealth Advisors Group LLC Decreases Position in Invesco QQQ (NASDAQ:QQQ)

ARS Wealth Advisors Group LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,737 shares of the exchange traded fund’s stock after selling 104 shares during the quarter. ARS Wealth Advisors Group LLC’s holdings in Invesco QQQ were worth $832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of QQQ. Berkshire Money Management Inc. raised its position in Invesco QQQ by 13.4% in the second quarter. Berkshire Money Management Inc. now owns 147,659 shares of the exchange traded fund’s stock worth $70,745,000 after acquiring an additional 17,431 shares during the period. Bellecapital International Ltd. increased its position in Invesco QQQ by 24.0% in the second quarter. Bellecapital International Ltd. now owns 1,404 shares of the exchange traded fund’s stock worth $673,000 after buying an additional 272 shares in the last quarter. Tennessee Valley Asset Management Partners lifted its position in shares of Invesco QQQ by 0.4% during the 2nd quarter. Tennessee Valley Asset Management Partners now owns 20,832 shares of the exchange traded fund’s stock valued at $9,981,000 after buying an additional 86 shares in the last quarter. CFM Wealth Partners LLC increased its holdings in Invesco QQQ by 5.2% in the 2nd quarter. CFM Wealth Partners LLC now owns 16,627 shares of the exchange traded fund’s stock worth $7,966,000 after acquiring an additional 820 shares in the last quarter. Finally, Spectrum Planning & Advisory Services Inc. purchased a new stake in Invesco QQQ in the 2nd quarter worth $254,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded up $0.61 during midday trading on Friday, reaching $475.03. 38,383,623 shares of the company were exchanged, compared to its average volume of 46,987,124. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The business’s fifty day moving average is $474.36 and its two-hundred day moving average is $451.69.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were issued a dividend of $0.7615 per share. This represents a $3.05 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Monday, June 24th. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57.

About Invesco QQQ

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.