Invesco QQQ $QQQ Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,932 shares of the exchange traded fund’s stock after selling 151 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Invesco QQQ were worth $7,685,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the 1st quarter worth about $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ in the 1st quarter worth about $51,000. Blume Capital Management Inc. boosted its holdings in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 2,536 shares during the last quarter. Atlantic Private Wealth LLC boosted its holdings in Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 120 shares during the last quarter. Finally, Putney Financial Group LLC acquired a new stake in Invesco QQQ in the 4th quarter worth about $67,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.9%

QQQ stock opened at $595.32 on Friday. The business’s 50-day moving average is $571.28 and its 200 day moving average is $522.90. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $598.14.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.