Invesco QQQ $QQQ Shares Sold by WT Wealth Management

WT Wealth Management decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 31.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,584 shares of the exchange traded fund’s stock after selling 1,194 shares during the period. WT Wealth Management’s holdings in Invesco QQQ were worth $1,425,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Morgan Dempsey Capital Management LLC bought a new stake in Invesco QQQ during the second quarter worth approximately $30,000. Marshall & Sullivan Inc. WA bought a new position in Invesco QQQ during the 2nd quarter valued at $41,000. Moser Wealth Advisors LLC increased its position in shares of 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 purchasing an additional 93 shares during the period. Ransom Advisory Ltd bought a new stake in shares of Invesco QQQ in the 1st quarter worth $70,000. Finally, Barrett & Company Inc. lifted its holdings in shares of Invesco QQQ by 14.9% in the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after buying an additional 20 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 1.9%

Shares of QQQ stock opened at $613.62 on Monday. The stock has a 50-day simple moving average of $613.64 and a 200 day simple moving average of $581.01. 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. Stockholders of record on Monday, September 22nd were given a dividend of $0.694 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%.

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.