Invesco QQQ $QQQ Shares Sold by Capital Market Strategies LLC

Capital Market Strategies LLC cut its stake in Invesco QQQ (NASDAQ:QQQ) by 23.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,105 shares of the exchange traded fund’s stock after selling 662 shares during the period. Invesco QQQ comprises 0.8% of Capital Market Strategies LLC’s portfolio, making the stock its 24th largest position. Capital Market Strategies LLC’s holdings in Invesco QQQ were worth $1,161,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new stake in Invesco QQQ during the first quarter valued at $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ during the first quarter valued at $51,000. Blume Capital Management Inc. increased its stake 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 valued at $57,000 after purchasing an additional 2,536 shares during the last quarter. Atlantic Private Wealth LLC increased its stake in Invesco QQQ by 3,000.0% during 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. Finally, Putney Financial Group LLC bought a new stake in Invesco QQQ during the fourth quarter valued at $67,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.4%

QQQ stock opened at $586.66 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $587.86. The firm has a fifty day moving average price of $568.24 and a two-hundred day moving average price of $520.50.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid a dividend of $0.5911 per share. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.4%.

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.