Allen Mooney & Barnes Investment Advisors LLC Sells 40 Shares of Invesco QQQ $QQQ

Allen Mooney & Barnes Investment Advisors LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,458 shares of the exchange traded fund’s stock after selling 40 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Invesco QQQ were worth $1,908,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Compass Financial Services Inc grew its holdings in Invesco QQQ by 0.4% during the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock valued at $2,345,000 after purchasing an additional 19 shares during the period. Willis Johnson & Associates Inc. grew its holdings in Invesco QQQ by 2.6% during the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund’s stock valued at $416,000 after purchasing an additional 21 shares during the period. MTM Investment Management LLC boosted its holdings in shares of Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock worth $613,000 after acquiring an additional 21 shares during the period. Cutler Investment Counsel LLC boosted its holdings in shares of Invesco QQQ by 1.4% in the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock worth $710,000 after acquiring an additional 21 shares during the period. Finally, Mosaic Family Wealth Partners LLC boosted its holdings in shares of Invesco QQQ by 1.6% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund’s stock worth $707,000 after acquiring an additional 22 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.4%

Invesco QQQ stock opened at $586.66 on Monday. Invesco QQQ has a one year low of $402.39 and a one year high of $587.86. The business has a fifty day moving average price of $568.24 and a 200-day moving average price of $520.68.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.