Invesco QQQ $QQQ Shares Sold by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 0.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,330 shares of the exchange traded fund’s stock after selling 49 shares during the quarter. Tritonpoint Wealth LLC’s holdings in Invesco QQQ were worth $2,943,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Marshall & Sullivan Inc. WA acquired a new stake in Invesco QQQ in the 2nd quarter valued at about $41,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the 1st quarter valued at about $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ in the 1st quarter valued at about $51,000. Blume Capital Management Inc. lifted its holdings in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC lifted its holdings in Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $595.97 on Monday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $602.87. The firm has a 50-day moving average of $576.04 and a two-hundred day moving average of $528.24.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders 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 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.