Invesco QQQ (NASDAQ:QQQ) Shares Sold by Austin Private Wealth LLC

Austin Private Wealth LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 8.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,854 shares of the exchange traded fund’s stock after selling 250 shares during the quarter. Austin Private Wealth LLC’s holdings in Invesco QQQ were worth $1,368,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sweeney & Michel LLC increased its position in Invesco QQQ by 4.0% during the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after purchasing an additional 22 shares in the last quarter. Summit X LLC boosted its stake in Invesco QQQ by 0.4% in the fourth quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock valued at $2,451,000 after acquiring an additional 24 shares during the period. CarsonAllaria Wealth Management Ltd. grew its stake in Invesco QQQ by 30.4% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 24 shares during the last quarter. Second Line Capital LLC grew its stake in Invesco QQQ by 2.6% during the 1st quarter. Second Line Capital LLC now owns 951 shares of the exchange traded fund’s stock worth $422,000 after buying an additional 24 shares during the last quarter. Finally, Waterfront Wealth Inc. grew its stake in Invesco QQQ by 3.1% during the 4th quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock worth $344,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ traded up $2.34 during trading on Friday, reaching $450.41. 33,573,976 shares of the company were exchanged, compared to its average volume of 46,461,876. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52. The firm has a 50 day moving average of $473.79 and a 200 day moving average of $450.32.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were issued a $0.7615 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th. This represents a $3.05 annualized dividend and a dividend yield of 0.68%.

Invesco QQQ Company 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.