Invesco QQQ $QQQ Shares Sold by Viewpoint Capital Management LLC

Viewpoint Capital Management LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,733 shares of the exchange traded fund’s stock after selling 150 shares during the period. Viewpoint Capital Management LLC’s holdings in Invesco QQQ were worth $2,059,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. GSG Advisors LLC lifted its position in Invesco QQQ by 8.2% in the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock valued at $3,600,000 after purchasing an additional 585 shares during the period. Amundi lifted its position in Invesco QQQ by 6.3% in the first quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after purchasing an additional 6,600 shares during the period. Jackson Wealth Management LLC lifted its position in Invesco QQQ by 8.6% in the first quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund’s stock valued at $9,428,000 after purchasing an additional 1,586 shares during the period. Greykasell Wealth Strategies Inc. lifted its position in Invesco QQQ by 8.4% in the first quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock valued at $3,649,000 after purchasing an additional 605 shares during the period. Finally, AM Investment Strategies LLC lifted its position in Invesco QQQ by 46.5% in the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock valued at $904,000 after purchasing an additional 612 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $604.51 on Wednesday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $609.71. The company has a 50-day moving average price of $581.39 and a 200 day moving average price of $533.92.

Invesco QQQ Increases Dividend

The business 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 dividend of $0.694 per share. 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 a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

Invesco QQQ Company 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.