Sivia Capital Partners LLC Cuts Position in Invesco QQQ (NASDAQ:QQQ)

Sivia Capital Partners LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 10.0% in the second quarter, HoldingsChannel reports. The firm owned 550 shares of the exchange traded fund’s stock after selling 61 shares during the period. Sivia Capital Partners LLC’s holdings in Invesco QQQ were worth $264,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Global Assets Advisory LLC purchased a new position in Invesco QQQ during the 1st quarter worth $1,580,776,000. Steel Grove Capital Advisors LLC increased its holdings in shares of Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after acquiring an additional 3,102,568 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Invesco QQQ by 2.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,544,540 shares of the exchange traded fund’s stock valued at $1,219,115,000 after purchasing an additional 64,401 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Invesco QQQ by 10.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,241,509 shares of the exchange traded fund’s stock worth $1,073,929,000 after purchasing an additional 206,608 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp grew its position in Invesco QQQ by 30.7% during the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after purchasing an additional 433,317 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 2.7 %

NASDAQ QQQ opened at $448.69 on Friday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The company has a fifty day simple moving average of $472.43 and a two-hundred day simple moving average of $455.91.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were paid a $0.7615 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a yield of 0.68%.

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.