TriaGen Wealth Management LLC Trims Stake in Invesco QQQ $QQQ

TriaGen Wealth Management LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 29.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 953 shares of the exchange traded fund’s stock after selling 400 shares during the period. TriaGen Wealth Management LLC’s holdings in Invesco QQQ were worth $526,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC lifted its stake in shares of Invesco QQQ by 3.6% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 26,770 shares of the exchange traded fund’s stock worth $14,767,000 after purchasing an additional 929 shares during the period. Gentry Private Wealth LLC lifted its stake in shares of Invesco QQQ by 1.1% during the 2nd quarter. Gentry Private Wealth LLC now owns 3,449 shares of the exchange traded fund’s stock worth $1,903,000 after purchasing an additional 39 shares during the period. Wise Wealth Partners lifted its position in Invesco QQQ by 88.1% during the second quarter. Wise Wealth Partners now owns 2,054 shares of the exchange traded fund’s stock worth $1,133,000 after buying an additional 962 shares during the period. Roundview Capital LLC lifted its position in Invesco QQQ by 0.6% during the second quarter. Roundview Capital LLC now owns 55,828 shares of the exchange traded fund’s stock worth $30,797,000 after buying an additional 314 shares during the period. Finally, CFM Wealth Partners LLC lifted its position in Invesco QQQ by 4.1% during the second quarter. CFM Wealth Partners LLC now owns 17,978 shares of the exchange traded fund’s stock worth $9,917,000 after buying an additional 711 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.5%

Shares of QQQ stock opened at $604.51 on Wednesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $609.71. The firm’s 50-day simple moving average is $581.39 and its 200-day simple moving average is $533.92.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. 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.