Invesco QQQ $QQQ is FWG Holdings LLC’s 3rd Largest Position

FWG Holdings LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 1.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 33,463 shares of the exchange traded fund’s stock after selling 537 shares during the period. Invesco QQQ comprises 8.9% of FWG Holdings LLC’s investment portfolio, making the stock its 3rd biggest holding. FWG Holdings LLC’s holdings in Invesco QQQ were worth $18,877,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Morgan Dempsey Capital Management LLC acquired a new position in Invesco QQQ during the second quarter worth $30,000. Marshall & Sullivan Inc. WA purchased a new stake in shares of Invesco QQQ in the 2nd quarter valued at $41,000. Blume Capital Management Inc. raised its holdings in shares of Invesco QQQ by 105.0% in the 1st 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 period. Moser Wealth Advisors LLC lifted its stake in Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 93 shares in the last quarter. Finally, Atlantic Private Wealth LLC boosted its holdings in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 120 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 2.0%

NASDAQ QQQ opened at $619.25 on Wednesday. The stock has a 50-day moving average of $598.87 and a two-hundred day moving average of $557.15. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were paid a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, September 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

Invesco QQQ 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.