Invesco QQQ $QQQ Shares Sold by Smart Money Group LLC

Smart Money Group LLC decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 15.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,242 shares of the exchange traded fund’s stock after selling 397 shares during the period. Invesco QQQ accounts for 0.4% of Smart Money Group LLC’s investment portfolio, making the stock its 24th biggest position. Smart Money Group LLC’s holdings in Invesco QQQ were worth $1,237,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. GSG Advisors LLC boosted its position in Invesco QQQ by 8.2% during the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock worth $3,600,000 after purchasing an additional 585 shares during the period. Amundi lifted its stake in shares of Invesco QQQ by 6.3% during the first quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock worth $49,980,000 after purchasing an additional 6,600 shares in the last quarter. Greykasell Wealth Strategies Inc. lifted its stake in shares of Invesco QQQ by 8.4% during the first quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock worth $3,649,000 after purchasing an additional 605 shares in the last quarter. AM Investment Strategies LLC boosted its position in shares of Invesco QQQ by 46.5% in the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock worth $904,000 after buying an additional 612 shares during the period. Finally, Banco Santander S.A. grew its stake in shares of Invesco QQQ by 100.2% in the first quarter. Banco Santander S.A. now owns 75,125 shares of the exchange traded fund’s stock valued at $35,228,000 after buying an additional 37,605 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 1.9%

QQQ opened at $611.67 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The company has a fifty day simple moving average of $600.55 and a 200 day simple moving average of $557.99.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were paid a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd.

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.