Tanager Wealth Management LLP Sells 856 Shares of Invesco QQQ $QQQ

Tanager Wealth Management LLP trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 29.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,068 shares of the exchange traded fund’s stock after selling 856 shares during the period. Tanager Wealth Management LLP’s holdings in Invesco QQQ were worth $1,141,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $41,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ in the first quarter worth $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ during the first quarter worth $51,000. Blume Capital Management Inc. boosted its stake in Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC increased its holdings in Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $605.73 on Friday. The firm has a fifty day moving average of $579.12 and a 200-day moving average of $530.93. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $607.16.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a $0.694 dividend. This represents a $2.78 annualized dividend and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd.

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.