Invesco QQQ $QQQ Shares Sold by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 36,692 shares of the exchange traded fund’s stock after selling 336 shares during the period. Invesco QQQ comprises about 5.3% of Dumont & Blake Investment Advisors LLC’s holdings, making the stock its 2nd biggest holding. Dumont & Blake Investment Advisors LLC’s holdings in Invesco QQQ were worth $20,241,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Morgan Dempsey Capital Management LLC acquired a new position in Invesco QQQ during the second quarter worth about $30,000. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ during the second quarter worth about $41,000. Alpine Bank Wealth Management acquired a new position in Invesco QQQ during the first quarter worth about $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ during the first quarter worth about $51,000. Finally, Blume Capital Management Inc. boosted its position 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 worth $57,000 after acquiring an additional 2,536 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ opened at $603.93 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $613.18. The firm’s 50-day moving average price is $587.30 and its 200 day moving average price is $540.73.

Invesco QQQ Increases Dividend

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