Invesco QQQ $QQQ Shares Sold by Smith Shellnut Wilson LLC ADV

Smith Shellnut Wilson LLC ADV lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 16.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,476 shares of the exchange traded fund’s stock after selling 4,331 shares during the period. Invesco QQQ accounts for approximately 5.0% of Smith Shellnut Wilson LLC ADV’s portfolio, making the stock its 5th biggest position. Smith Shellnut Wilson LLC ADV’s holdings in Invesco QQQ were worth $12,894,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Securities Inc. boosted its position in shares of Invesco QQQ by 2.6% during the third quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock worth $65,959,000 after buying an additional 2,822 shares during the period. SK Wealth Management LLC acquired a new position in Invesco QQQ during the 3rd quarter worth about $803,000. BCGM Wealth Management LLC boosted its holdings in Invesco QQQ by 13.6% during the 2nd quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock valued at $14,120,000 after acquiring an additional 3,066 shares during the period. Prospect Financial Services LLC boosted its holdings in Invesco QQQ by 9.1% during the 2nd quarter. Prospect Financial Services LLC now owns 11,765 shares of the exchange traded fund’s stock valued at $6,490,000 after acquiring an additional 986 shares during the period. Finally, Wisconsin Wealth Advisors LLC grew its position in Invesco QQQ by 21.2% in the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 6,747 shares of the exchange traded fund’s stock valued at $3,722,000 after acquiring an additional 1,179 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.1%

Shares of NASDAQ:QQQ opened at $627.17 on Tuesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The firm’s 50-day moving average is $615.90 and its two-hundred day moving average is $594.02.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a dividend of $0.7941 per share. This represents a $3.18 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69.

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.