Invesco QQQ $QQQ Shares Sold by Lighthouse Financial LLC

Lighthouse Financial LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 18,539 shares of the exchange traded fund’s stock after selling 170 shares during the quarter. Invesco QQQ comprises 7.8% of Lighthouse Financial LLC’s portfolio, making the stock its 2nd biggest holding. Lighthouse Financial LLC’s holdings in Invesco QQQ were worth $10,227,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in QQQ. Morgan Dempsey Capital Management LLC purchased a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $30,000. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ during the second quarter worth $41,000. Blume Capital Management Inc. raised its holdings in Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares during the last quarter. Moser Wealth Advisors LLC boosted its position in 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 purchasing an additional 93 shares in the last quarter. Finally, Atlantic Private Wealth LLC grew its holdings in Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $603.66 on Tuesday. 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 $606.35 and a 200-day simple moving average of $566.68.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were issued a dividend of $0.694 per share. This is an increase 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 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.