Clarity Capital Partners LLC Has $1.48 Million Stock Holdings in Invesco QQQ $QQQ

Key Points

• Clarity Capital Partners LLC has reduced its holdings in Invesco QQQ by 34.7%, now owning 2,687 shares valued at approximately $1.48 million.
• Recently, Invesco QQQ announced an increase in its quarterly dividend to $0.694 per share, up from the previous $0.59, reflecting a yield of 0.5%.
• Institutional investors and hedge funds collectively own 44.58% of Invesco QQQ's stock, indicating strong support from major financial players.

Clarity Capital Partners LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 34.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,687 shares of the exchange traded fund's stock after selling 1,427 shares during the period. Invesco QQQ comprises 0.5% of Clarity Capital Partners LLC's holdings, making the stock its 28th largest holding. Clarity Capital Partners LLC's holdings in Invesco QQQ were worth $1,482,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Compass Financial Services Inc boosted its position in Invesco QQQ by 0.4% in 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 buying an additional 19 shares in the last quarter. Vermillion Wealth Management Inc. boosted its position 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 valued at $271,000 after buying an additional 20 shares in the last quarter. MTM Investment Management LLC boosted its position in Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after buying an additional 21 shares in the last quarter. Cutler Investment Counsel LLC boosted its position in Invesco QQQ by 1.4% in the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after buying an additional 21 shares in the last quarter. Finally, Occidental Asset Management LLC boosted its position in Invesco QQQ by 1.7% in the second quarter. Occidental Asset Management LLC now owns 1,230 shares of the exchange traded fund's stock valued at $678,000 after buying an additional 21 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $603.18 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $607.33. The company's 50 day moving average price is $579.85 and its two-hundred day moving average price is $531.81.

Invesco QQQ Increases Dividend

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

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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