Invesco QQQ $QQQ Shares Sold by Vision Financial Markets LLC

Vision Financial Markets LLC cut its position in Invesco QQQ (NASDAQ:QQQ) by 0.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 16,277 shares of the exchange traded fund’s stock after selling 114 shares during the quarter. Invesco QQQ accounts for 8.5% of Vision Financial Markets LLC’s portfolio, making the stock its biggest holding. Vision Financial Markets LLC’s holdings in Invesco QQQ were worth $8,979,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in QQQ. Brighton Jones LLC grew its position in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after purchasing an additional 4,989 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after buying an additional 176 shares during the last quarter. Wealth Group Ltd. grew its holdings in shares of Invesco QQQ by 305.2% during the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after buying an additional 4,835 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Invesco QQQ by 7.3% during the first quarter. Golden State Wealth Management LLC now owns 32,742 shares of the exchange traded fund’s stock valued at $15,353,000 after buying an additional 2,241 shares during the last quarter. Finally, Hills Bank & Trust Co grew its holdings in shares of Invesco QQQ by 12.6% during the first quarter. Hills Bank & Trust Co now owns 412 shares of the exchange traded fund’s stock valued at $193,000 after buying an additional 46 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.8%

QQQ stock opened at $628.09 on Tuesday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $628.55. The business has a 50-day simple moving average of $591.63 and a two-hundred day simple moving average of $548.87.

Invesco QQQ Increases Dividend

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

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.