Glass Jacobson Investment Advisors llc Sells 479 Shares of Invesco QQQ $QQQ

Glass Jacobson Investment Advisors llc lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 47.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 527 shares of the exchange traded fund’s stock after selling 479 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in Invesco QQQ were worth $291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Invesco QQQ by 704,593.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after acquiring an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Invesco QQQ by 959.6% during the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock valued at $11,300,023,000 after purchasing an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. purchased a new stake in Invesco QQQ in the first quarter worth approximately $2,775,904,000. Spear Holdings RSC Ltd bought a new stake in Invesco QQQ in the 1st quarter worth approximately $474,600,000. Finally, Altimeter Capital Management LP purchased a new stake in Invesco QQQ during the 1st quarter valued at $463,293,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $617.10 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $618.42. The business’s fifty day moving average price is $590.61 and its 200-day moving average price is $547.17.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be given a $0.694 dividend. 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 yield of 0.4%.

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.