AIFG Consultants Ltd. Sells 298 Shares of Invesco QQQ $QQQ

AIFG Consultants Ltd. trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 38.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 473 shares of the exchange traded fund’s stock after selling 298 shares during the period. AIFG Consultants Ltd.’s holdings in Invesco QQQ were worth $261,000 as of its most recent SEC filing.

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

Invesco QQQ Trading Down 0.4%

QQQ opened at $603.18 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $607.33. The company’s 50-day moving average price is $579.85 and its two-hundred day moving average price is $532.17.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd.

Invesco QQQ Profile

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.