Alexis Investment Partners LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,807 shares of the exchange traded fund's stock after selling 1,865 shares during the period. Invesco QQQ comprises about 3.7% of Alexis Investment Partners LLC's portfolio, making the stock its 5th largest holding. Alexis Investment Partners LLC's holdings in Invesco QQQ were worth $8,680,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Compass Financial Services Inc boosted its holdings in shares of Invesco QQQ by 0.4% during the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock valued at $2,345,000 after acquiring an additional 19 shares during the period. Vermillion Wealth Management Inc. lifted its holdings in Invesco QQQ by 4.2% in the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund's stock worth $271,000 after purchasing an additional 20 shares during the period. Barrett & Company Inc. lifted its holdings in Invesco QQQ by 14.9% in the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund's stock worth $85,000 after purchasing an additional 20 shares during the period. Investment Advisory Group LLC lifted its holdings in Invesco QQQ by 0.4% in the second quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund's stock worth $3,158,000 after purchasing an additional 20 shares during the period. Finally, waypoint wealth counsel lifted its holdings in Invesco QQQ by 0.6% in the second quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund's stock worth $1,964,000 after purchasing an additional 20 shares during the period. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Up 0.7%
QQQ stock opened at $603.93 on Monday. The company has a 50-day simple moving average of $587.30 and a 200 day simple moving average of $541.36. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18.
Invesco QQQ Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be issued a $0.694 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.5%.
Invesco QQQ Profile
(
Free Report)
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.
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