Focus Partners Advisor Solutions LLC Sells 62 Shares of Invesco QQQ $QQQ

Focus Partners Advisor Solutions LLC lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 29,149 shares of the exchange traded fund’s stock after selling 62 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Invesco QQQ were worth $16,066,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its stake in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after purchasing an additional 4,989 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after buying an additional 176 shares during the period. Wealth Group Ltd. raised its position in shares of Invesco QQQ by 305.2% in the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after acquiring an additional 4,835 shares in the last quarter. GAMMA Investing LLC lifted its position in Invesco QQQ by 19.2% during the first quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund’s stock valued at $1,872,000 after buying an additional 643 shares during the period. Finally, Alpine Bank Wealth Management purchased a new position in Invesco QQQ during the 1st quarter valued at about $50,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $617.10 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $618.42. The stock’s 50 day moving average is $590.61 and its 200 day moving average is $546.26.

Invesco QQQ Increases Dividend

The company 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. The ex-dividend date is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%. 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.