Ingalls & Snyder LLC Reduces Stake in Invesco QQQ $QQQ

Ingalls & Snyder LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 14.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,443 shares of the exchange traded fund’s stock after selling 588 shares during the quarter. Ingalls & Snyder LLC’s holdings in Invesco QQQ were worth $1,899,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Morgan Dempsey Capital Management LLC purchased a new position in shares of Invesco QQQ in the 2nd quarter valued at approximately $30,000. Marshall & Sullivan Inc. WA purchased a new stake in Invesco QQQ in the second quarter worth $41,000. Moser Wealth Advisors LLC grew its stake in Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 93 shares during the period. Blume Capital Management Inc. grew its stake in Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC grew its stake in Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.1%

Shares of QQQ stock opened at $617.10 on Monday. The business’s fifty day moving average is $590.61 and its 200 day moving average is $547.74. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $618.42.

Invesco QQQ Increases Dividend

The company also recently declared 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. 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. This represents a $2.78 annualized dividend and a yield of 0.4%.

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.