Avion Wealth Has $424,000 Holdings in Invesco QQQ $QQQ

Avion Wealth lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 14.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 769 shares of the exchange traded fund’s stock after selling 130 shares during the period. Avion Wealth’s holdings in Invesco QQQ were worth $424,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Marshall & Sullivan Inc. WA acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at $41,000. Alpine Bank Wealth Management acquired a new position in Invesco QQQ in the first quarter worth about $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ in the first quarter worth about $51,000. Blume Capital Management Inc. raised its position in Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC raised its position in Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $589.55 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18. The stock has a 50 day simple moving average of $583.89 and a 200-day simple moving average of $536.30.

Invesco QQQ Increases Dividend

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

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.