Invesco QQQ $QQQ Stock Position Reduced by Freedom Day Solutions LLC

Freedom Day Solutions LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 39.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 570 shares of the exchange traded fund’s stock after selling 370 shares during the period. Freedom Day Solutions LLC’s holdings in Invesco QQQ were worth $314,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall & Sullivan Inc. WA bought a new stake in Invesco QQQ in the second quarter worth approximately $41,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ in the first quarter worth approximately $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ in the first quarter worth approximately $51,000. Blume Capital Management Inc. grew its position in Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC grew its position in Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 120 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 3.5%

NASDAQ QQQ opened at $589.55 on Friday. The company has a fifty day simple moving average of $583.89 and a 200 day simple moving average of $535.94. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be issued a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.