Ledgewood Wealth Advisors LLC Sells 304 Shares of Invesco QQQ $QQQ

Ledgewood Wealth Advisors LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,480 shares of the exchange traded fund’s stock after selling 304 shares during the period. Invesco QQQ comprises about 3.6% of Ledgewood Wealth Advisors LLC’s investment portfolio, making the stock its 10th biggest holding. Ledgewood Wealth Advisors LLC’s holdings in Invesco QQQ were worth $5,781,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of QQQ. Brighton Jones LLC grew its position in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares in the last quarter. Apella Capital LLC grew its stake in Invesco QQQ by 7.1% in the first quarter. Apella Capital LLC now owns 4,074 shares of the exchange traded fund’s stock worth $1,898,000 after purchasing an additional 269 shares in the last quarter. Sendero Wealth Management LLC acquired a new stake in Invesco QQQ during the first quarter valued at approximately $273,000. Finally, Portside Wealth Group LLC raised its position in shares of Invesco QQQ by 18.9% during the 1st quarter. Portside Wealth Group LLC now owns 1,695 shares of the exchange traded fund’s stock valued at $867,000 after acquiring an additional 269 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $605.73 on Friday. The business’s fifty day moving average price is $579.12 and its 200 day moving average price is $530.93. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $607.16.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, September 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.