Invesco QQQ $QQQ Shares Sold by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 36.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,325 shares of the exchange traded fund’s stock after selling 22,565 shares during the period. Invesco QQQ makes up 0.5% of Cassaday & Co Wealth Management LLC’s portfolio, making the stock its 21st biggest position. Cassaday & Co Wealth Management LLC’s holdings in Invesco QQQ were worth $21,693,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in QQQ. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Invesco QQQ in the second quarter worth $30,000. Marshall & Sullivan Inc. WA purchased a new position in shares of Invesco QQQ in the second quarter valued at $41,000. Blume Capital Management Inc. boosted its stake in shares of Invesco QQQ by 105.0% in the first 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 period. 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 acquiring 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 acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.5%

NASDAQ QQQ opened at $632.08 on Tuesday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The company’s fifty day moving average price is $597.93 and its two-hundred day moving average price is $555.92.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were paid a dividend of $0.694 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%.

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.