Invesco QQQ $QQQ Stock Position Lowered by Total Investment Management Inc.

Total Investment Management Inc. cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 97.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,554 shares of the exchange traded fund’s stock after selling 51,201 shares during the quarter. Invesco QQQ accounts for about 0.1% of Total Investment Management Inc.’s investment portfolio, making the stock its 29th largest holding. Total Investment Management Inc.’s holdings in Invesco QQQ were worth $857,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Centaurus Financial Inc. raised its holdings in shares of Invesco QQQ by 2.5% during the 2nd quarter. Centaurus Financial Inc. now owns 53,057 shares of the exchange traded fund’s stock valued at $29,268,000 after purchasing an additional 1,314 shares in the last quarter. Prospera Capital Management LLC raised its stake in Invesco QQQ by 11.3% during the 2nd quarter. Prospera Capital Management LLC now owns 4,923 shares of the exchange traded fund’s stock valued at $2,718,000 after purchasing an additional 500 shares during the last quarter. Midwestern Financial LLC IA acquired a new stake in Invesco QQQ during the second quarter worth about $2,419,000. China Universal Asset Management Co. Ltd. increased its position in shares of Invesco QQQ by 61.0% during the second quarter. China Universal Asset Management Co. Ltd. now owns 950 shares of the exchange traded fund’s stock valued at $525,000 after purchasing an additional 360 shares during the period. Finally, Orion Porfolio Solutions LLC raised its stake in shares of Invesco QQQ by 6.6% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 122,848 shares of the exchange traded fund’s stock valued at $67,768,000 after buying an additional 7,598 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $613.62 on Monday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01. The business has a fifty day moving average of $613.64 and a two-hundred day moving average of $581.01.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were issued a $0.694 dividend. 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%. The ex-dividend date was Monday, September 22nd.

Invesco QQQ Company 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.