Stephens Consulting LLC Sells 68 Shares of Invesco QQQ $QQQ

Stephens Consulting LLC reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,173 shares of the exchange traded fund’s stock after selling 68 shares during the quarter. Invesco QQQ comprises 0.7% of Stephens Consulting LLC’s holdings, making the stock its 23rd largest position. Stephens Consulting LLC’s holdings in Invesco QQQ were worth $2,853,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Dynamic Financial Group raised its holdings in Invesco QQQ by 32.7% in the 2nd quarter. Dynamic Financial Group now owns 1,323 shares of the exchange traded fund’s stock valued at $730,000 after acquiring an additional 326 shares during the period. Gordian Advisors LLC increased its holdings in shares of Invesco QQQ by 13.1% during the second quarter. Gordian Advisors LLC now owns 710 shares of the exchange traded fund’s stock worth $392,000 after purchasing an additional 82 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Invesco QQQ during the second quarter worth approximately $1,759,000. Almanack Investment Partners LLC. increased its holdings in shares of Invesco QQQ by 64.0% during the second quarter. Almanack Investment Partners LLC. now owns 889 shares of the exchange traded fund’s stock worth $491,000 after purchasing an additional 347 shares during the period. Finally, Ellis Investment Partners LLC increased its holdings in shares of Invesco QQQ by 0.4% during the second quarter. Ellis Investment Partners LLC now owns 43,622 shares of the exchange traded fund’s stock worth $24,064,000 after purchasing an additional 169 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 2.1%

Shares of QQQ opened at $602.01 on Tuesday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $613.18. The firm’s 50 day moving average is $584.64 and its 200-day moving average is $537.61.

Invesco QQQ Increases Dividend

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

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.