Invesco QQQ $QQQ Shares Sold by KFA Private Wealth Group LLC

KFA Private Wealth Group LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,424 shares of the exchange traded fund’s stock after selling 49 shares during the quarter. KFA Private Wealth Group LLC’s holdings in Invesco QQQ were worth $786,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Drucker Wealth 3.0 LLC boosted its position in shares of Invesco QQQ by 986.4% in the 2nd quarter. Drucker Wealth 3.0 LLC now owns 11,766 shares of the exchange traded fund’s stock worth $6,545,000 after purchasing an additional 10,683 shares in the last quarter. Aberdeen Group plc acquired a new stake in shares of Invesco QQQ in the 2nd quarter worth $453,000. Wealth Management Resources Inc. acquired a new stake in shares of Invesco QQQ in the 2nd quarter worth $205,000. Agate Pass Investment Management LLC acquired a new stake in shares of Invesco QQQ in the 2nd quarter worth $634,000. Finally, JFS Wealth Advisors LLC boosted its position in shares of Invesco QQQ by 0.5% in the 2nd quarter. JFS Wealth Advisors LLC now owns 8,936 shares of the exchange traded fund’s stock worth $4,930,000 after purchasing an additional 43 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $589.55 on Friday. The business has a fifty day moving average price of $583.89 and a 200-day moving average price of $536.30. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $613.18.

Invesco QQQ Increases Dividend

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

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.