Wedbush Securities Inc. Sells 24,857 Shares of Invesco QQQ $QQQ

Wedbush Securities Inc. lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 26.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,186 shares of the exchange traded fund’s stock after selling 24,857 shares during the period. Invesco QQQ makes up 1.3% of Wedbush Securities Inc.’s holdings, making the stock its 7th largest position. Wedbush Securities Inc.’s holdings in Invesco QQQ were worth $37,614,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC grew its position in Invesco QQQ by 704,593.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after purchasing an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Invesco QQQ by 959.6% in the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after buying an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. purchased a new position in shares of Invesco QQQ during the first quarter valued at $2,775,904,000. Altimeter Capital Management LP acquired a new position in Invesco QQQ during the first quarter valued at $463,293,000. Finally, Alaska Permanent Fund Corp raised its position in Invesco QQQ by 14,750.7% during the first quarter. Alaska Permanent Fund Corp now owns 799,266 shares of the exchange traded fund’s stock valued at $380,027,000 after buying an additional 793,884 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $609.74 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The business has a 50-day moving average price of $601.34 and a two-hundred day moving average price of $559.22.

Invesco QQQ Increases Dividend

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

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.