Invesco QQQ $QQQ Holdings Cut by Waterloo Capital L.P.

Waterloo Capital L.P. reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 4.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,217 shares of the exchange traded fund’s stock after selling 440 shares during the period. Waterloo Capital L.P.’s holdings in Invesco QQQ were worth $5,084,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Morgan Dempsey Capital Management LLC bought a new position in Invesco QQQ during the 2nd quarter worth $30,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Invesco QQQ during the second quarter valued at $41,000. Moser Wealth Advisors LLC grew its position in shares of Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 93 shares during the last quarter. Atlantic Private Wealth LLC increased its holdings in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 120 shares during the period. Finally, Ransom Advisory Ltd acquired a new stake in shares of Invesco QQQ in the 1st quarter worth about $70,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.8%

Shares of NASDAQ:QQQ opened at $590.07 on Friday. The company’s 50-day moving average price is $607.15 and its 200 day moving average price is $569.13. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01.

Invesco QQQ Increases Dividend

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

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.