Invesco QQQ $QQQ Holdings Cut by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 4.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,147 shares of the exchange traded fund’s stock after selling 1,553 shares during the quarter. Invesco QQQ comprises approximately 0.7% of Ashton Thomas Private Wealth LLC’s investment portfolio, making the stock its 28th biggest holding. Ashton Thomas Private Wealth LLC’s holdings in Invesco QQQ were worth $18,856,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. GSG Advisors LLC increased its stake in shares of Invesco QQQ by 8.2% in the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock valued at $3,600,000 after purchasing an additional 585 shares during the period. Amundi increased its stake in shares of Invesco QQQ by 6.3% in the first quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after purchasing an additional 6,600 shares during the period. Jackson Wealth Management LLC increased its stake in shares of Invesco QQQ by 8.6% in the first quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund’s stock valued at $9,428,000 after purchasing an additional 1,586 shares during the period. Greykasell Wealth Strategies Inc. increased its stake in shares of Invesco QQQ by 8.4% in the first quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock valued at $3,649,000 after purchasing an additional 605 shares during the period. Finally, AM Investment Strategies LLC increased its stake in shares of Invesco QQQ by 46.5% in the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock valued at $904,000 after purchasing an additional 612 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $617.10 on Monday. The firm’s 50 day moving average is $590.61 and its two-hundred day moving average is $547.74. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $618.42.

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 a boost 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 0.4%. The ex-dividend date is Monday, September 22nd.

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.