Revisor Wealth Management LLC Sells 633 Shares of Invesco QQQ $QQQ

Revisor Wealth Management LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 23.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,046 shares of the exchange traded fund’s stock after selling 633 shares during the period. Revisor Wealth Management LLC’s holdings in Invesco QQQ were worth $1,138,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. Kingstone Capital Partners Texas LLC raised its position in shares of Invesco QQQ by 704,593.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after buying an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Invesco QQQ by 959.6% during the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock valued at $11,300,023,000 after buying an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. bought a new stake in shares of Invesco QQQ during the first quarter valued at approximately $2,775,904,000. GAMMA Investing LLC raised its position in shares of Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock valued at $8,777,850,000 after buying an additional 1,868,580 shares during the last quarter. Finally, Spear Holdings RSC Ltd bought a new stake in shares of Invesco QQQ during the first quarter valued at approximately $474,600,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.5%

Invesco QQQ stock opened at $602.20 on Tuesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $602.87. The firm’s 50 day moving average price is $573.11 and its 200-day moving average price is $524.79.

Invesco QQQ Increases Dividend

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

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.