Whitener Capital Management Inc. Sells 46 Shares of Invesco QQQ (NASDAQ:QQQ)

Whitener Capital Management Inc. reduced its position in Invesco QQQ (NASDAQ:QQQ) by 5.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 853 shares of the exchange traded fund’s stock after selling 46 shares during the quarter. Whitener Capital Management Inc.’s holdings in Invesco QQQ were worth $315,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of QQQ. Moneta Group Investment Advisors LLC lifted its position in Invesco QQQ by 156,045.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after purchasing an additional 43,463,232 shares during the last quarter. Morgan Stanley raised its stake in shares of Invesco QQQ by 10.0% during the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after acquiring an additional 1,533,114 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Invesco QQQ by 3.6% during the first quarter. Envestnet Asset Management Inc. now owns 4,761,075 shares of the exchange traded fund’s stock worth $1,527,972,000 after acquiring an additional 167,217 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco QQQ by 1.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,012,198 shares of the exchange traded fund’s stock worth $802,145,000 after acquiring an additional 32,891 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Invesco QQQ by 2.3% during the first quarter. Commonwealth Equity Services LLC now owns 2,002,908 shares of the exchange traded fund’s stock worth $642,793,000 after acquiring an additional 45,781 shares in the last quarter. 43.95% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.5 %

Shares of QQQ stock traded down $1.79 during trading hours on Tuesday, hitting $368.87. 21,897,023 shares of the company’s stock were exchanged, compared to its average volume of 53,438,078. Invesco QQQ has a 12-month low of $254.26 and a 12-month high of $387.98. The business’s 50 day simple moving average is $373.20 and its 200-day simple moving average is $348.47.

Invesco QQQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 19th will be paid a dividend of $0.5389 per share. This represents a $2.16 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Monday, September 18th.

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.