Invesco QQQ $QQQ Shares Sold by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 35.9% in the second quarter, Holdings Channel reports. The firm owned 476 shares of the exchange traded fund’s stock after selling 267 shares during the period. Wingate Wealth Advisors Inc.’s holdings in Invesco QQQ were worth $262,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC boosted its stake in shares of Invesco QQQ by 704,593.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after buying an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Invesco QQQ by 959.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock valued at $11,300,023,000 after acquiring an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. acquired a new stake in Invesco QQQ in the first quarter worth $2,775,904,000. Spear Holdings RSC Ltd acquired a new stake in Invesco QQQ in the first quarter worth $474,600,000. Finally, Altimeter Capital Management LP acquired a new stake in Invesco QQQ in the first quarter worth $463,293,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7%

Shares of NASDAQ QQQ opened at $603.93 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $613.18. The business’s fifty day moving average price is $587.30 and its two-hundred day moving average price is $540.73.

Invesco QQQ Increases Dividend

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

About Invesco QQQ

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.