1 North Wealth Services LLC Lowers Stock Position in Invesco QQQ $QQQ

1 North Wealth Services LLC reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 17.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,065 shares of the exchange traded fund’s stock after selling 1,872 shares during the quarter. Invesco QQQ comprises approximately 2.0% of 1 North Wealth Services LLC’s portfolio, making the stock its 19th biggest holding. 1 North Wealth Services LLC’s holdings in Invesco QQQ were worth $5,000,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of QQQ. Compass Financial Services Inc boosted its holdings in Invesco QQQ by 0.4% in the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock valued at $2,345,000 after acquiring an additional 19 shares in the last quarter. Vermillion Wealth Management Inc. boosted its holdings in Invesco QQQ by 4.2% in the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock valued at $271,000 after acquiring an additional 20 shares in the last quarter. Barrett & Company Inc. boosted its holdings in Invesco QQQ by 14.9% in the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after acquiring an additional 20 shares in the last quarter. MTM Investment Management LLC boosted its holdings in Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock valued at $613,000 after acquiring an additional 21 shares in the last quarter. Finally, Cutler Investment Counsel LLC boosted its holdings in Invesco QQQ by 1.4% in the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock valued at $710,000 after acquiring an additional 21 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 1.1%

NASDAQ:QQQ opened at $611.44 on Thursday. The firm’s fifty day simple moving average is $582.26 and its 200 day simple moving average is $534.45. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $611.75.

Invesco QQQ Increases Dividend

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

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.