Invesco QQQ $QQQ Shares Sold by New Perspectives Inc

New Perspectives Inc decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 13.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 48,184 shares of the exchange traded fund’s stock after selling 7,646 shares during the quarter. Invesco QQQ accounts for about 13.1% of New Perspectives Inc’s holdings, making the stock its 2nd biggest holding. New Perspectives Inc’s holdings in Invesco QQQ were worth $26,580,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ during the second quarter valued at about $41,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ during the first quarter valued at about $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ during the first quarter valued at about $51,000. Blume Capital Management Inc. raised its stake in shares of Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC raised its stake in shares of Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $595.97 on Monday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $602.87. The firm’s 50-day simple moving average is $576.04 and its 200 day simple moving average is $528.24.

Invesco QQQ Increases Dividend

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