Spirit of America Management Corp NY Sells 21 Shares of Invesco QQQ $QQQ

Spirit of America Management Corp NY trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 331 shares of the exchange traded fund’s stock after selling 21 shares during the period. Spirit of America Management Corp NY’s holdings in Invesco QQQ were worth $187,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of QQQ. Marshall & Sullivan Inc. WA bought a new stake in Invesco QQQ in the second quarter valued at approximately $41,000. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ in the first quarter worth $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ during the 1st quarter valued at $51,000. Blume Capital Management Inc. raised its holdings in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC boosted its position in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 120 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $603.93 on Friday. The firm’s 50-day moving average price is $587.30 and its two-hundred day moving average price is $540.73. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $613.18.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be given a dividend of $0.694 per share. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. 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.

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.