West Financial Advisors LLC Sells 27 Shares of Invesco QQQ $QQQ

West Financial Advisors LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,094 shares of the exchange traded fund’s stock after selling 27 shares during the quarter. Invesco QQQ comprises approximately 1.0% of West Financial Advisors LLC’s holdings, making the stock its 17th largest position. West Financial Advisors LLC’s holdings in Invesco QQQ were worth $5,568,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC boosted its stake in shares of Invesco QQQ by 704,593.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after acquiring an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Invesco QQQ by 959.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after acquiring an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. bought a new stake in shares of Invesco QQQ during the 1st quarter worth about $2,775,904,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco QQQ by 1.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund’s stock worth $1,501,063,000 after acquiring an additional 52,234 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Invesco QQQ by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock worth $1,163,036,000 after purchasing an additional 54,944 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $603.18 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $607.33. The stock has a 50-day simple moving average of $579.85 and a 200 day simple moving average of $531.81.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is a boost 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.