Axxcess Wealth Management LLC Sells 1,138 Shares of Invesco QQQ $QQQ

Key Points

• Axxcess Wealth Management LLC has reduced its holdings in Invesco QQQ by 2.6%, now owning 41,966 shares worth approximately $21.46 million after selling 1,138 shares.
• The company has announced a quarterly dividend of $0.694 per share, reflecting an increase from the previous dividend of $0.59, with a dividend yield of 0.5%.
• Invesco QQQ stock opened at $598.00, with a 52-week low of $402.39 and a high of $613.18, indicating significant market activity and interest.

Axxcess Wealth Management LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,966 shares of the exchange traded fund's stock after selling 1,138 shares during the quarter. Axxcess Wealth Management LLC's holdings in Invesco QQQ were worth $21,457,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of QQQ. Marshall & Sullivan Inc. WA purchased a new position in Invesco QQQ in the 2nd quarter worth about $41,000. Alpine Bank Wealth Management purchased a new position in Invesco QQQ in the 1st quarter worth about $50,000. Westend Capital Management LLC purchased a new position in Invesco QQQ in the 1st quarter worth about $51,000. Blume Capital Management Inc. raised its position 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 worth $57,000 after buying an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC raised its position in Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $598.00 on Wednesday. The business has a 50-day simple moving average of $585.40 and a two-hundred day simple moving average of $538.03. Invesco QQQ has a 52-week low of $402.39 and a 52-week 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 paid a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase 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.

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