Vanguard Personalized Indexing Management LLC Sells 411 Shares of Invesco QQQ $QQQ

Vanguard Personalized Indexing Management LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 17.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,915 shares of the exchange traded fund’s stock after selling 411 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Invesco QQQ were worth $1,056,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Hobbs Group Advisors LLC raised its position in Invesco QQQ by 16.0% in the 2nd quarter. Hobbs Group Advisors LLC now owns 3,132 shares of the exchange traded fund’s stock valued at $1,728,000 after purchasing an additional 433 shares during the last quarter. Summa Corp. raised its position in Invesco QQQ by 227.0% in the 2nd quarter. Summa Corp. now owns 1,880 shares of the exchange traded fund’s stock valued at $1,037,000 after purchasing an additional 1,305 shares during the last quarter. CV Advisors LLC raised its position in Invesco QQQ by 0.9% in the 2nd quarter. CV Advisors LLC now owns 26,735 shares of the exchange traded fund’s stock valued at $14,748,000 after purchasing an additional 244 shares during the last quarter. Udine Wealth Management Inc. bought a new position in Invesco QQQ in the 2nd quarter valued at $260,000. Finally, Tranquility Partners LLC raised its position in Invesco QQQ by 2.7% in the 2nd quarter. Tranquility Partners LLC now owns 3,412 shares of the exchange traded fund’s stock valued at $1,882,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.7%

Shares of QQQ opened at $603.93 on Friday. The stock has a fifty day moving average price of $587.30 and a two-hundred day moving average price of $540.73. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $613.18.

Invesco QQQ Increases Dividend

The company also recently announced 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. The ex-dividend date is Monday, September 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%.

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.