Linscomb Wealth Inc. Cuts Stock Position in Invesco QQQ $QQQ

Linscomb Wealth Inc. trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 4.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,427 shares of the exchange traded fund’s stock after selling 375 shares during the period. Linscomb Wealth Inc.’s holdings in Invesco QQQ were worth $4,648,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in QQQ. Morgan Dempsey Capital Management LLC purchased a new stake in Invesco QQQ during the 2nd quarter valued at $30,000. Marshall & Sullivan Inc. WA purchased a new stake in Invesco QQQ during the 2nd quarter valued at $41,000. Blume Capital Management Inc. boosted its stake in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares during the last quarter. Moser Wealth Advisors LLC boosted its stake in Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 93 shares during the last quarter. Finally, Atlantic Private Wealth LLC boosted its stake in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 1.5%

Shares of QQQ stock opened at $626.05 on Friday. The company has a 50 day moving average price of $595.56 and a 200-day moving average price of $551.96. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date 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.