WealthShield Partners LLC Lowers Stock Holdings in Invesco QQQ $QQQ

WealthShield Partners LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 9.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,606 shares of the exchange traded fund’s stock after selling 366 shares during the quarter. WealthShield Partners LLC’s holdings in Invesco QQQ were worth $1,989,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after buying an additional 176 shares in the last quarter. Wealth Group Ltd. lifted its position in shares of Invesco QQQ by 305.2% during the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after acquiring an additional 4,835 shares during the period. Graypoint LLC grew its holdings in shares of Invesco QQQ by 85.7% in the 1st quarter. Graypoint LLC now owns 2,583 shares of the exchange traded fund’s stock worth $1,211,000 after acquiring an additional 1,192 shares during the period. Finally, Mystic Asset Management Inc. raised its holdings in Invesco QQQ by 1.9% during the first quarter. Mystic Asset Management Inc. now owns 17,241 shares of the exchange traded fund’s stock worth $8,085,000 after purchasing an additional 319 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $608.86 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01. The business has a fifty day simple moving average of $605.86 and a 200-day simple moving average of $564.57.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were given a dividend of $0.694 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

About Invesco QQQ

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.