Invesco QQQ $QQQ Shares Sold by Fiduciary Wealth Partners LLC

Fiduciary Wealth Partners LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 97.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 200 shares of the exchange traded fund’s stock after selling 9,120 shares during the period. Fiduciary Wealth Partners LLC’s holdings in Invesco QQQ were worth $110,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Strait & Sound Wealth Management LLC boosted its stake in Invesco QQQ by 3.7% during the 2nd quarter. Strait & Sound Wealth Management LLC now owns 7,574 shares of the exchange traded fund’s stock valued at $4,178,000 after purchasing an additional 273 shares during the period. Whipplewood Advisors LLC boosted its stake in Invesco QQQ by 181.4% during the 2nd quarter. Whipplewood Advisors LLC now owns 1,539 shares of the exchange traded fund’s stock valued at $849,000 after purchasing an additional 992 shares during the period. Schneider Downs Wealth Management Advisors LP boosted its stake in Invesco QQQ by 12.8% during the 2nd quarter. Schneider Downs Wealth Management Advisors LP now owns 1,593 shares of the exchange traded fund’s stock valued at $879,000 after purchasing an additional 181 shares during the period. Ndwm LLC boosted its stake in Invesco QQQ by 4.2% during the 2nd quarter. Ndwm LLC now owns 2,151 shares of the exchange traded fund’s stock valued at $1,187,000 after purchasing an additional 86 shares during the period. Finally, Waldron Private Wealth LLC boosted its stake in Invesco QQQ by 0.8% during the 2nd quarter. Waldron Private Wealth LLC now owns 3,929 shares of the exchange traded fund’s stock valued at $2,168,000 after purchasing an additional 32 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $617.10 on Friday. The firm has a 50-day moving average price of $590.61 and a two-hundred day moving average price of $547.17. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $618.42.

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 paid a dividend of $0.694 per share. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%. 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.

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.