Cabot Wealth Management Inc. Has $207,000 Holdings in Invesco QQQ $QQQ

Cabot Wealth Management Inc. decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 39.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 375 shares of the exchange traded fund’s stock after selling 241 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Invesco QQQ were worth $207,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. Waldron Private Wealth LLC raised its stake in shares of Invesco QQQ by 0.8% in the second quarter. Waldron Private Wealth LLC now owns 3,929 shares of the exchange traded fund’s stock worth $2,168,000 after purchasing an additional 32 shares during the last quarter. Dodds Wealth LLC grew its holdings in Invesco QQQ by 2.6% during the second quarter. Dodds Wealth LLC now owns 1,316 shares of the exchange traded fund’s stock worth $726,000 after buying an additional 33 shares in the last quarter. Burke & Herbert Bank & Trust Co. raised its position in Invesco QQQ by 8.9% in the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 12,521 shares of the exchange traded fund’s stock valued at $6,907,000 after buying an additional 1,025 shares during the last quarter. CVA Family Office LLC lifted its stake in Invesco QQQ by 2.4% during the 2nd quarter. CVA Family Office LLC now owns 15,497 shares of the exchange traded fund’s stock valued at $8,549,000 after acquiring an additional 362 shares in the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management lifted its stake in Invesco QQQ by 1.4% during the 2nd quarter. B & T Capital Management DBA Alpha Capital Management now owns 94,187 shares of the exchange traded fund’s stock valued at $51,957,000 after acquiring an additional 1,288 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 1.1%

NASDAQ QQQ opened at $617.10 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $618.42. The company has a fifty day moving average price of $590.61 and a 200-day moving average price of $547.17.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be given a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%. 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.