Invesco QQQ $QQQ Shares Sold by Equita Financial Network Inc.

Equita Financial Network Inc. reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 10.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,324 shares of the exchange traded fund’s stock after selling 156 shares during the period. Equita Financial Network Inc.’s holdings in Invesco QQQ were worth $730,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQ. Kingstone Capital Partners Texas LLC boosted its holdings in Invesco QQQ by 704,593.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after buying an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Invesco QQQ by 959.6% in 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 buying an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. acquired a new stake in shares of Invesco QQQ during the 1st quarter valued at approximately $2,775,904,000. Spear Holdings RSC Ltd purchased a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $474,600,000. Finally, Altimeter Capital Management LP purchased a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $463,293,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.8%

NASDAQ QQQ opened at $628.09 on Tuesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $628.55. The business has a 50 day moving average price of $591.63 and a 200 day moving average price of $548.87.

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 issued a $0.694 dividend. This represents a $2.78 annualized dividend and a yield of 0.4%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd.

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.