Invesco QQQ $QQQ Shares Sold by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 7.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 6,015 shares of the exchange traded fund’s stock after selling 515 shares during the period. Fishman Jay A Ltd. MI’s holdings in Invesco QQQ were worth $3,318,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of QQQ. Brighton Jones LLC lifted its holdings in shares of 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 buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Invesco QQQ by 3.5% in the 4th 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 period. Wealth Group Ltd. lifted its holdings in shares of Invesco QQQ by 305.2% in the 1st 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 period. OLD National Bancorp IN lifted its holdings in shares of Invesco QQQ by 7.1% in the 1st quarter. OLD National Bancorp IN now owns 4,036 shares of the exchange traded fund’s stock valued at $1,893,000 after buying an additional 266 shares during the period. Finally, Capital Investment Advisors LLC lifted its holdings in shares of Invesco QQQ by 22.0% in the 1st quarter. Capital Investment Advisors LLC now owns 19,250 shares of the exchange traded fund’s stock valued at $9,027,000 after buying an additional 3,473 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $607.71 on Tuesday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $609.36. The business has a 50-day simple moving average of $580.65 and a 200-day simple moving average of $533.42.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be issued a $0.694 dividend. 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.