Grange Capital LLC Sells 165 Shares of Invesco QQQ $QQQ

Grange Capital LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 5.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,125 shares of the exchange traded fund’s stock after selling 165 shares during the quarter. Invesco QQQ comprises 1.8% of Grange Capital LLC’s portfolio, making the stock its 18th biggest holding. Grange Capital LLC’s holdings in Invesco QQQ were worth $1,724,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Morgan Dempsey Capital Management LLC bought a new position in shares of Invesco QQQ in the second quarter valued at about $30,000. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ in the 2nd quarter valued at about $41,000. Blume Capital Management Inc. raised its holdings in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 2,536 shares during the period. Moser Wealth Advisors LLC lifted its position in Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 93 shares during the last quarter. Finally, Atlantic Private Wealth LLC boosted its holdings in shares of Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 120 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.3%

Invesco QQQ stock opened at $609.74 on Monday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The stock’s 50 day moving average is $601.34 and its 200-day moving average is $560.76.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were issued a $0.694 dividend. The ex-dividend date of this dividend was Monday, September 22nd. 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.

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.