SOA Wealth Advisors LLC. Lowers Stake in Invesco QQQ $QQQ

SOA Wealth Advisors LLC. reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,881 shares of the exchange traded fund’s stock after selling 454 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Invesco QQQ were worth $7,657,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Founders Capital Management boosted its stake in shares of Invesco QQQ by 0.8% during the second quarter. Founders Capital Management now owns 30,597 shares of the exchange traded fund’s stock valued at $16,879,000 after purchasing an additional 236 shares during the period. Client 1ST Advisory Group LLC lifted its stake in Invesco QQQ by 15.1% in the second quarter. Client 1ST Advisory Group LLC now owns 1,224 shares of the exchange traded fund’s stock worth $675,000 after acquiring an additional 161 shares during the period. First Pacific Financial lifted its stake in Invesco QQQ by 36.9% in the second quarter. First Pacific Financial now owns 341 shares of the exchange traded fund’s stock worth $188,000 after acquiring an additional 92 shares during the period. Deltec Asset Management LLC purchased a new stake in Invesco QQQ in the second quarter worth about $911,000. Finally, QTR Family Wealth LLC lifted its stake in Invesco QQQ by 49.3% in the second quarter. QTR Family Wealth LLC now owns 7,763 shares of the exchange traded fund’s stock worth $4,282,000 after acquiring an additional 2,562 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.5%

NASDAQ:QQQ opened at $603.25 on Thursday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $603.79. The company has a 50-day moving average of $578.30 and a 200 day moving average of $530.08.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd.

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.