Invesco QQQ (NASDAQ:QQQ) Shares Sold by Claro Advisors LLC

Claro Advisors LLC cut its position in shares of Invesco QQQ (NASDAQ:QQQ) by 7.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,958 shares of the exchange traded fund’s stock after selling 1,780 shares during the period. Invesco QQQ makes up 1.7% of Claro Advisors LLC’s holdings, making the stock its 11th biggest holding. Claro Advisors LLC’s holdings in Invesco QQQ were worth $10,999,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global Assets Advisory LLC acquired a new stake in shares of Invesco QQQ during the first quarter valued at about $1,580,776,000. Steel Grove Capital Advisors LLC lifted its stake in Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after purchasing an additional 3,102,568 shares in the last quarter. Granite Bay Wealth Management LLC raised its holdings in shares of Invesco QQQ by 6,215.5% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after buying an additional 894,532 shares during the period. Harvard Management Co. Inc. acquired a new position in Invesco QQQ during the 1st quarter worth about $304,591,000. Finally, Mirae Asset Securities USA Inc. purchased a new position in Invesco QQQ during the 2nd quarter valued at about $215,600,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ traded up $5.61 during trading on Friday, hitting $476.27. The stock had a trading volume of 33,466,473 shares, compared to its average volume of 40,922,408. The firm has a 50 day moving average price of $474.15 and a 200 day moving average price of $455.05. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were given a $0.7615 dividend. This represents a $3.05 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Monday, June 24th. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57.

About Invesco QQQ

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.