Greenwood Capital Associates LLC Decreases Stake in Invesco QQQ $QQQ

Greenwood Capital Associates LLC reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,501 shares of the exchange traded fund’s stock after selling 213 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Invesco QQQ were worth $4,689,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Brighton Jones LLC grew its holdings in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC lifted its position 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 acquiring an additional 176 shares during the period. Beacon Financial Group lifted its position in Invesco QQQ by 9.0% during the 1st quarter. Beacon Financial Group now owns 1,219 shares of the exchange traded fund’s stock worth $571,000 after acquiring an additional 101 shares during the period. Naples Global Advisors LLC lifted its position in Invesco QQQ by 8.8% during the 1st quarter. Naples Global Advisors LLC now owns 3,904 shares of the exchange traded fund’s stock worth $1,833,000 after acquiring an additional 315 shares during the period. Finally, Wealth Group Ltd. raised its stake in shares of Invesco QQQ by 305.2% in the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after purchasing an additional 4,835 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $603.18 on Friday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $607.33. The business has a 50-day moving average price of $579.85 and a 200-day moving average price of $531.81.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a $0.694 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 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.