Invesco QQQ $QQQ Shares Sold by High Note Wealth LLC

High Note Wealth LLC decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 43.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 9,734 shares of the exchange traded fund’s stock after selling 7,468 shares during the period. Invesco QQQ comprises approximately 1.2% of High Note Wealth LLC’s holdings, making the stock its 24th largest position. High Note Wealth LLC’s holdings in Invesco QQQ were worth $5,370,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of QQQ. Brighton Jones LLC increased its stake in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares during the period. Wealth Group Ltd. increased its position in shares of Invesco QQQ by 305.2% during the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after purchasing an additional 4,835 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Invesco QQQ by 2,060.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 12,251 shares of the exchange traded fund’s stock valued at $5,745,000 after purchasing an additional 11,684 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Invesco QQQ by 19.2% during the 1st quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund’s stock valued at $1,872,000 after purchasing an additional 643 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.1%

Shares of QQQ stock opened at $611.44 on Thursday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $611.75. The business’s fifty day moving average is $582.26 and its 200-day moving average is $534.45.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a dividend of $0.694 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%.

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.