Invesco QQQ $QQQ Shares Sold by Saxon Interests Inc.

Saxon Interests Inc. cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 31.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,226 shares of the exchange traded fund’s stock after selling 1,967 shares during the period. Invesco QQQ makes up approximately 0.9% of Saxon Interests Inc.’s holdings, making the stock its 21st largest holding. Saxon Interests Inc.’s holdings in Invesco QQQ were worth $2,411,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in QQQ. Brighton Jones LLC lifted its stake in shares of Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after purchasing an additional 176 shares during the last quarter. Jupiter Wealth Management LLC acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at approximately $290,000. Pasadena Private Wealth LLC raised its position in shares of Invesco QQQ by 90.6% in the 2nd quarter. Pasadena Private Wealth LLC now owns 13,507 shares of the exchange traded fund’s stock valued at $7,451,000 after purchasing an additional 6,420 shares in the last quarter. Finally, Wealth Group Ltd. boosted its stake in shares of Invesco QQQ by 283.7% during the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after buying an additional 18,210 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $625.46 on Tuesday. The firm has a 50 day simple moving average of $616.95 and a 200-day simple moving average of $598.80. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01.

Invesco QQQ Increases Dividend

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

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.