Apexium Financial LP Trims Stake in Invesco QQQ $QQQ

Apexium Financial LP cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.4% during the second quarter, Holdings Channel.com reports. The fund owned 191,507 shares of the exchange traded fund’s stock after selling 782 shares during the period. Invesco QQQ comprises about 5.6% of Apexium Financial LP’s holdings, making the stock its 4th largest holding. Apexium Financial LP’s holdings in Invesco QQQ were worth $105,643,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. Marshall & Sullivan Inc. WA acquired a new stake in Invesco QQQ in the second quarter worth $41,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the first quarter worth $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ in the first quarter worth $51,000. Blume Capital Management Inc. raised its holdings 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 raised its holdings 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. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.4%

QQQ opened at $603.18 on Friday. The firm’s fifty day moving average is $579.85 and its two-hundred day moving average is $532.17. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $607.33.

Invesco QQQ Increases Dividend

The business also recently announced 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. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is a boost 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.