Invesco QQQ $QQQ Shares Sold by Capital Investment Counsel LLC

Capital Investment Counsel LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,436 shares of the exchange traded fund’s stock after selling 321 shares during the quarter. Invesco QQQ makes up about 1.7% of Capital Investment Counsel LLC’s portfolio, making the stock its 15th biggest holding. Capital Investment Counsel LLC’s holdings in Invesco QQQ were worth $10,721,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Private Wealth Partners LLC boosted its position in shares of Invesco QQQ by 0.6% during the 2nd quarter. Private Wealth Partners LLC now owns 40,741 shares of the exchange traded fund’s stock valued at $22,474,000 after acquiring an additional 234 shares during the last quarter. Integral Investment Advisors Inc. lifted its position in Invesco QQQ by 3.0% in the second quarter. Integral Investment Advisors Inc. now owns 24,636 shares of the exchange traded fund’s stock valued at $13,590,000 after buying an additional 707 shares during the last quarter. Wincap Financial LLC acquired a new position in Invesco QQQ in the second quarter valued at about $329,000. Purkiss Capital Advisors LLC lifted its position in Invesco QQQ by 61.7% in the second quarter. Purkiss Capital Advisors LLC now owns 3,566 shares of the exchange traded fund’s stock valued at $1,967,000 after buying an additional 1,360 shares during the last quarter. Finally, Clark Asset Management LLC lifted its position in Invesco QQQ by 11.7% in the second quarter. Clark Asset Management LLC now owns 8,384 shares of the exchange traded fund’s stock valued at $4,625,000 after buying an additional 876 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.8%

NASDAQ QQQ opened at $628.09 on Tuesday. The firm’s 50-day moving average is $591.63 and its two-hundred day moving average is $548.87. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $628.55.

Invesco QQQ Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Monday, September 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%.

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.