Invesco QQQ $QQQ Shares Sold by NorthRock Partners LLC

NorthRock Partners LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,943 shares of the exchange traded fund’s stock after selling 491 shares during the quarter. NorthRock Partners LLC’s holdings in Invesco QQQ were worth $11,553,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of QQQ. Brighton Jones LLC boosted 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 acquiring an additional 4,989 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after purchasing an additional 176 shares during the period. Wealth Group Ltd. lifted its holdings in 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 period. GAMMA Investing LLC lifted its holdings in Invesco QQQ by 19.2% in the first quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund’s stock worth $1,872,000 after purchasing an additional 643 shares during the period. Finally, HT Partners LLC lifted its holdings in Invesco QQQ by 678.0% in the first quarter. HT Partners LLC now owns 15,280 shares of the exchange traded fund’s stock worth $7,165,000 after purchasing an additional 13,316 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.1%

QQQ stock opened at $602.01 on Tuesday. The company has a 50-day simple moving average of $584.64 and a 200 day simple moving average of $537.61. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18.

Invesco QQQ Increases Dividend

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