Invesco QQQ (NASDAQ:QQQ) Shares Sold by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 4.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,084 shares of the exchange traded fund’s stock after selling 55 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in Invesco QQQ were worth $400,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CVA Family Office LLC lifted its holdings in Invesco QQQ by 2.0% during the 2nd quarter. CVA Family Office LLC now owns 7,450 shares of the exchange traded fund’s stock worth $2,752,000 after buying an additional 147 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in Invesco QQQ by 6,686.3% during the 1st quarter. Raleigh Capital Management Inc. now owns 6,922 shares of the exchange traded fund’s stock worth $2,222,000 after buying an additional 6,820 shares during the last quarter. Etfidea LLC lifted its holdings in shares of Invesco QQQ by 19.3% in the 2nd quarter. Etfidea LLC now owns 15,502 shares of the exchange traded fund’s stock valued at $5,727,000 after purchasing an additional 2,511 shares during the last quarter. Berkeley Capital Partners LLC lifted its holdings in shares of Invesco QQQ by 0.8% in the 1st quarter. Berkeley Capital Partners LLC now owns 18,874 shares of the exchange traded fund’s stock valued at $6,057,000 after purchasing an additional 159 shares during the last quarter. Finally, Asset Planning Corporation purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at about $200,000. Institutional investors and hedge funds own 43.95% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock traded down $2.50 during trading on Tuesday, hitting $368.16. The company had a trading volume of 9,016,518 shares, compared to its average volume of 53,370,789. Invesco QQQ has a 1-year low of $254.26 and a 1-year high of $387.98. The firm has a 50-day moving average price of $373.20 and a 200-day moving average price of $348.47.

Invesco QQQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 19th will be paid a $0.5389 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Monday, September 18th.

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.