Invesco QQQ $QQQ Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. reduced its position in Invesco QQQ (NASDAQ:QQQ) by 16.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,339 shares of the exchange traded fund’s stock after selling 10,982 shares during the period. Bessemer Group Inc.’s holdings in Invesco QQQ were worth $30,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Yukon Wealth Management Inc. lifted its stake in shares of Invesco QQQ by 3.4% in the 2nd quarter. Yukon Wealth Management Inc. now owns 12,770 shares of the exchange traded fund’s stock valued at $7,045,000 after purchasing an additional 415 shares during the period. GoalVest Advisory LLC lifted its stake in shares of Invesco QQQ by 3.1% in the 2nd quarter. GoalVest Advisory LLC now owns 1,072 shares of the exchange traded fund’s stock valued at $591,000 after purchasing an additional 32 shares during the period. First Command Advisory Services Inc. lifted its stake in shares of Invesco QQQ by 15.5% in the 2nd quarter. First Command Advisory Services Inc. now owns 1,816 shares of the exchange traded fund’s stock valued at $1,002,000 after purchasing an additional 244 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of Invesco QQQ by 5.9% in the 2nd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 112,731 shares of the exchange traded fund’s stock valued at $62,184,000 after purchasing an additional 6,313 shares during the period. Finally, Signature Wealth Management Group acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at $207,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.8%

QQQ opened at $628.09 on Tuesday. The firm has a fifty day moving average price of $591.63 and a 200 day moving average price of $548.87. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $628.55.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be given 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 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.