Invesco QQQ $QQQ Shares Sold by Arcus Capital Partners LLC

Arcus Capital Partners LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,333 shares of the exchange traded fund’s stock after selling 74 shares during the period. Invesco QQQ comprises 3.4% of Arcus Capital Partners LLC’s investment portfolio, making the stock its 5th biggest position. Arcus Capital Partners LLC’s holdings in Invesco QQQ were worth $7,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Morgan Dempsey Capital Management LLC purchased a new stake in shares of Invesco QQQ during the 2nd quarter worth $30,000. Marshall & Sullivan Inc. WA purchased a new stake in Invesco QQQ during the 2nd quarter worth about $41,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ during the 1st quarter worth about $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ in the 1st quarter valued at about $51,000. Finally, Blume Capital Management Inc. raised its position in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 2,536 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $603.93 on Friday. The business has a 50 day moving average price of $587.30 and a 200 day moving average price of $540.73. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18.

Invesco QQQ Increases Dividend

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

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.