Sulzberger Capital Advisors Inc. Lowers Stock Holdings in Invesco QQQ $QQQ

Sulzberger Capital Advisors Inc. decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 6.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,218 shares of the exchange traded fund’s stock after selling 150 shares during the period. Invesco QQQ makes up approximately 1.4% of Sulzberger Capital Advisors Inc.’s holdings, making the stock its 17th largest holding. Sulzberger Capital Advisors Inc.’s holdings in Invesco QQQ were worth $1,224,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Morgan Dempsey Capital Management LLC purchased a new position in Invesco QQQ during the 2nd quarter valued at about $30,000. Marshall & Sullivan Inc. WA purchased a new position in Invesco QQQ during the 2nd quarter valued at about $41,000. Blume Capital Management Inc. increased its holdings 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 period. Moser Wealth Advisors LLC increased its holdings 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 period. Finally, Atlantic Private Wealth LLC increased its holdings 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 period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $632.08 on Tuesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The stock’s 50-day moving average is $597.93 and its 200 day moving average is $555.92.

Invesco QQQ Increases Dividend

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

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.