Invesco QQQ $QQQ Shares Sold by WealthTrust Asset Management LLC

WealthTrust Asset Management LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.2% in the 2nd quarter, Holdings Channel reports. The fund owned 5,509 shares of the exchange traded fund’s stock after selling 304 shares during the period. Invesco QQQ comprises 2.3% of WealthTrust Asset Management LLC’s investment portfolio, making the stock its 9th biggest holding. WealthTrust Asset Management LLC’s holdings in Invesco QQQ were worth $3,039,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of QQQ. Cedar Wealth Management LLC increased its stake in shares of Invesco QQQ by 1.9% in the second quarter. Cedar Wealth Management LLC now owns 2,616 shares of the exchange traded fund’s stock valued at $1,443,000 after purchasing an additional 50 shares during the period. Fusion Capital LLC raised its position in shares of Invesco QQQ by 12.9% during the 2nd quarter. Fusion Capital LLC now owns 1,333 shares of the exchange traded fund’s stock worth $736,000 after buying an additional 152 shares in the last quarter. Compass Financial Services Inc boosted its holdings in shares of Invesco QQQ by 1.8% in the second quarter. Compass Financial Services Inc now owns 5,091 shares of the exchange traded fund’s stock valued at $2,809,000 after acquiring an additional 90 shares in the last quarter. Truepoint Inc. increased its stake in shares of Invesco QQQ by 3.7% during the second quarter. Truepoint Inc. now owns 1,403 shares of the exchange traded fund’s stock valued at $774,000 after acquiring an additional 50 shares during the period. Finally, Meridian Wealth Management LLC raised its holdings in Invesco QQQ by 2.4% during the second quarter. Meridian Wealth Management LLC now owns 162,073 shares of the exchange traded fund’s stock worth $89,406,000 after purchasing an additional 3,775 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.1%

Shares of NASDAQ QQQ opened at $608.86 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The stock has a fifty day moving average price of $605.86 and a two-hundred day moving average price of $564.57.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were issued a dividend of $0.694 per share. 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. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%.

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.