Invesco QQQ $QQQ Shares Sold by Kellett Wealth Advisors LLC

Kellett Wealth Advisors LLC lessened its position in Invesco QQQ (NASDAQ:QQQ) by 4.0% in the second quarter, HoldingsChannel reports. The fund owned 14,414 shares of the exchange traded fund’s stock after selling 605 shares during the quarter. Invesco QQQ makes up approximately 5.2% of Kellett Wealth Advisors LLC’s holdings, making the stock its 5th largest holding. Kellett Wealth Advisors LLC’s holdings in Invesco QQQ were worth $7,951,000 as of its most recent SEC filing.

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

Invesco QQQ Stock Up 2.1%

Shares of NASDAQ:QQQ opened at $602.01 on Tuesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $613.18. The business’s 50 day moving average is $584.64 and its 200 day moving average is $537.61.

Invesco QQQ Increases Dividend

The business also recently announced 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 is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a dividend yield of 0.5%.

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.