Invesco QQQ $QQQ Stock Holdings Trimmed by Parkside Advisors LLC

Parkside Advisors LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 5.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 584 shares of the exchange traded fund’s stock after selling 31 shares during the period. Parkside Advisors LLC’s holdings in Invesco QQQ were worth $323,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Compass Financial Services Inc grew its holdings in shares of 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 last quarter. Willis Johnson & Associates Inc. grew its holdings in shares of 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 last quarter. MTM Investment Management LLC grew its holdings in shares of Invesco QQQ by 1.6% during the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock valued at $613,000 after purchasing an additional 21 shares during the last quarter. Cutler Investment Counsel LLC grew its holdings in shares of Invesco QQQ by 1.4% during the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock valued at $710,000 after purchasing an additional 21 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC grew its holdings in shares of Invesco QQQ by 1.6% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund’s stock valued at $707,000 after purchasing an additional 22 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.9%

NASDAQ:QQQ opened at $591.68 on Tuesday. The stock has a 50 day moving average of $569.03 and a 200-day moving average of $521.27. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $591.79.

Invesco QQQ Cuts Dividend

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

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.