Northwest Financial Advisors Lowers Holdings in Invesco QQQ $QQQ

Northwest Financial Advisors lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 39.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,385 shares of the exchange traded fund’s stock after selling 4,182 shares during the period. Invesco QQQ makes up approximately 4.9% of Northwest Financial Advisors’ holdings, making the stock its 3rd biggest position. Northwest Financial Advisors’ holdings in Invesco QQQ were worth $3,522,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of QQQ. Morgan Dempsey Capital Management LLC bought a new position in Invesco QQQ during the 2nd quarter valued at about $30,000. Marshall & Sullivan Inc. WA bought a new position in Invesco QQQ during the 2nd quarter valued at about $41,000. Blume Capital Management Inc. lifted its stake in Invesco QQQ by 105.0% during 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 period. Moser Wealth Advisors LLC lifted its stake in Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 93 shares during the period. Finally, Atlantic Private Wealth LLC lifted its stake in Invesco QQQ by 3,000.0% during 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 period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $632.92 on Wednesday. The company’s 50-day simple moving average is $592.90 and its two-hundred day simple moving average is $550.17. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $634.68.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, September 22nd. This is an increase 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.