Total Clarity Wealth Management Inc. Sells 216 Shares of Invesco QQQ (NASDAQ:QQQ)

Total Clarity Wealth Management Inc. decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,062 shares of the exchange traded fund’s stock after selling 216 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Invesco QQQ were worth $2,426,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of QQQ. Vantage Financial Partners LLC raised its stake in shares of Invesco QQQ by 68.0% during the fourth quarter. Vantage Financial Partners LLC now owns 29,550 shares of the exchange traded fund’s stock worth $12,101,000 after buying an additional 11,957 shares during the last quarter. Concentrum Wealth Management increased its stake in Invesco QQQ by 15.4% in the fourth quarter. Concentrum Wealth Management now owns 14,662 shares of the exchange traded fund’s stock valued at $6,004,000 after purchasing an additional 1,962 shares in the last quarter. Rollins Financial increased its stake in Invesco QQQ by 11.8% in the fourth quarter. Rollins Financial now owns 187,590 shares of the exchange traded fund’s stock valued at $76,822,000 after purchasing an additional 19,785 shares in the last quarter. Gryphon Financial Partners LLC increased its stake in Invesco QQQ by 30.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 3,047 shares of the exchange traded fund’s stock valued at $1,248,000 after purchasing an additional 706 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Invesco QQQ by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 8,437 shares of the exchange traded fund’s stock valued at $3,455,000 after purchasing an additional 102 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.4 %

Shares of NASDAQ:QQQ opened at $475.34 on Monday. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52. The company has a 50 day moving average price of $470.09 and a two-hundred day moving average price of $457.36.

Invesco QQQ Increases Dividend

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

Invesco QQQ 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.