BXM Wealth LLC Lowers Stock Holdings in Invesco QQQ $QQQ

Key Points

• BXM Wealth LLC reduced its stake in Invesco QQQ by 27.1% during the second quarter, resulting in ownership of 7,587 shares worth approximately $4,130,000.
• Invesco QQQ announced an increase in its quarterly dividend to $0.694 per share, up from the previous $0.59, with the ex-dividend date set for September 22nd.
• The current price of Invesco QQQ stock is $599.99, with a one-year trading range from a low of $402.39 to a high of $613.18.

BXM Wealth LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 27.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,587 shares of the exchange traded fund's stock after selling 2,820 shares during the period. Invesco QQQ accounts for approximately 4.9% of BXM Wealth LLC's investment portfolio, making the stock its 2nd biggest holding. BXM Wealth LLC's holdings in Invesco QQQ were worth $4,130,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Marshall & Sullivan Inc. WA bought a new position in Invesco QQQ during the 2nd quarter worth $41,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ during the 1st quarter worth $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ during the 1st quarter worth $51,000. Blume Capital Management Inc. increased its stake in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after acquiring an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC increased its stake in Invesco QQQ by 3,000.0% during the 1st 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 Performance

Invesco QQQ stock opened at $599.99 on Friday. The stock's fifty day moving average price is $586.71 and its two-hundred day moving average price is $539.38. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18.

Invesco QQQ Increases Dividend

The business also recently disclosed 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. This is a boost from Invesco QQQ's previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%.

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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