Invesco QQQ $QQQ Shares Sold by Interactive Financial Advisors Inc.

Interactive Financial Advisors Inc. decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,396 shares of the exchange traded fund’s stock after selling 807 shares during the quarter. Invesco QQQ makes up about 5.2% of Interactive Financial Advisors Inc.’s holdings, making the stock its 5th biggest position. Interactive Financial Advisors Inc.’s holdings in Invesco QQQ were worth $10,700,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. GSG Advisors LLC boosted its stake in shares of Invesco QQQ by 8.2% during the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock worth $3,600,000 after acquiring an additional 585 shares in the last quarter. Amundi raised its stake in shares of Invesco QQQ by 6.3% in the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after acquiring an additional 6,600 shares in the last quarter. Jackson Wealth Management LLC lifted its holdings in Invesco QQQ by 8.6% in the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund’s stock worth $9,428,000 after purchasing an additional 1,586 shares during the last quarter. Greykasell Wealth Strategies Inc. lifted its holdings in Invesco QQQ by 8.4% in the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock worth $3,649,000 after purchasing an additional 605 shares during the last quarter. Finally, AM Investment Strategies LLC boosted its position in Invesco QQQ by 46.5% during the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock worth $904,000 after purchasing an additional 612 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.4%

Shares of QQQ stock opened at $599.99 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $613.18. The business’s 50 day moving average is $586.71 and its two-hundred day moving average is $539.38.

Invesco QQQ Increases Dividend

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

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.