Invesco QQQ $QQQ Shares Sold by Arcus Capital Partners LLC

Arcus Capital Partners LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,333 shares of the exchange traded fund’s stock after selling 74 shares during the period. Invesco QQQ accounts for approximately 3.4% of Arcus Capital Partners LLC’s portfolio, making the stock its 5th biggest holding. Arcus Capital Partners LLC’s holdings in Invesco QQQ were worth $7,907,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Morgan Dempsey Capital Management LLC purchased a new stake in shares of Invesco QQQ in the second quarter valued at about $30,000. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ in the 2nd quarter valued at about $41,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ during the 1st quarter valued at approximately $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ during the 1st quarter worth approximately $51,000. Finally, Blume Capital Management Inc. grew its stake in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $603.93 on Friday. The business has a 50 day simple moving average of $587.30 and a 200-day simple moving average of $540.73. Invesco QQQ has a 12 month low of $402.39 and a 12 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. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%.

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.