Invesco QQQ $QQQ Stock Position Lowered by Mine & Arao Wealth Creation & Management LLC.

Mine & Arao Wealth Creation & Management LLC. cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,494 shares of the exchange traded fund’s stock after selling 976 shares during the period. Invesco QQQ comprises about 18.8% of Mine & Arao Wealth Creation & Management LLC.’s holdings, making the stock its largest position. Mine & Arao Wealth Creation & Management LLC.’s holdings in Invesco QQQ were worth $42,197,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. GSG Advisors LLC boosted its position in shares of Invesco QQQ by 8.2% in the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock worth $3,600,000 after buying an additional 585 shares in the last quarter. Amundi boosted its position 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 worth $49,980,000 after buying an additional 6,600 shares in the last quarter. Jackson Wealth Management LLC raised its stake 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 valued at $9,428,000 after purchasing an additional 1,586 shares during the last quarter. Greykasell Wealth Strategies Inc. raised its stake 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 valued at $3,649,000 after purchasing an additional 605 shares during the last quarter. Finally, AM Investment Strategies LLC raised its stake in Invesco QQQ by 46.5% in the 1st quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock valued at $904,000 after purchasing an additional 612 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $599.99 on Friday. The firm has a 50-day moving average price of $586.71 and a 200 day moving average price of $539.38. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $613.18.

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 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

Invesco QQQ Company 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.