Solitude Financial Services Cuts Stock Position in Invesco QQQ $QQQ

Solitude Financial Services cut its position in Invesco QQQ (NASDAQ:QQQ) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,253 shares of the exchange traded fund’s stock after selling 74 shares during the quarter. Invesco QQQ comprises 3.0% of Solitude Financial Services’ holdings, making the stock its 10th biggest position. Solitude Financial Services’ holdings in Invesco QQQ were worth $8,414,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. GSG Advisors LLC increased its stake in Invesco QQQ by 8.2% during the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock valued at $3,600,000 after buying an additional 585 shares during the period. Amundi increased its stake in Invesco QQQ by 6.3% during the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after buying an additional 6,600 shares during the period. Jackson Wealth Management LLC increased its stake in Invesco QQQ by 8.6% during the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund’s stock valued at $9,428,000 after buying an additional 1,586 shares during the period. Greykasell Wealth Strategies Inc. increased its stake in Invesco QQQ by 8.4% during the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock valued at $3,649,000 after buying an additional 605 shares during the period. Finally, AM Investment Strategies LLC increased its stake in Invesco QQQ by 46.5% during the 1st quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock valued at $904,000 after buying an additional 612 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $611.44 on Thursday. The company’s 50-day moving average price is $582.26 and its two-hundred day moving average price is $534.45. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $611.75.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. 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 an increase 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.