Cwm LLC Sells 4,613 Shares of Invesco QQQ $QQQ

Key Points

• Cwm LLC reduced its stake in Invesco QQQ by 0.9%, selling 4,613 shares and now holding a total of 524,949 shares, representing about 1.0% of its investment portfolio.
• Invesco QQQ announced a quarterly dividend increase from $0.59 to $0.694 per share, which will be paid on October 31st, with a dividend yield of 0.5%.
• Shares of Invesco QQQ traded down by 3.5%, opening at $589.55, with a fifty-two week low of $402.39 and a high of $613.18.

Cwm LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 524,949 shares of the exchange traded fund's stock after selling 4,613 shares during the period. Invesco QQQ comprises about 1.0% of Cwm LLC's investment portfolio, making the stock its 16th largest position. Cwm LLC owned 0.08% of Invesco QQQ worth $289,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. Transcendent Capital Group LLC grew its position in Invesco QQQ by 75.6% in the second quarter. Transcendent Capital Group LLC now owns 16,376 shares of the exchange traded fund's stock valued at $9,034,000 after acquiring an additional 7,051 shares during the period. Hobbs Group Advisors LLC grew its position in Invesco QQQ by 16.0% in the second quarter. Hobbs Group Advisors LLC now owns 3,132 shares of the exchange traded fund's stock valued at $1,728,000 after acquiring an additional 433 shares during the period. Summa Corp. grew its position in Invesco QQQ by 227.0% in the second quarter. Summa Corp. now owns 1,880 shares of the exchange traded fund's stock valued at $1,037,000 after acquiring an additional 1,305 shares during the period. CV Advisors LLC grew its position in Invesco QQQ by 0.9% in the second quarter. CV Advisors LLC now owns 26,735 shares of the exchange traded fund's stock valued at $14,748,000 after acquiring an additional 244 shares during the period. Finally, Udine Wealth Management Inc. bought a new stake in Invesco QQQ in the second quarter valued at $260,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 3.5%

Shares of NASDAQ:QQQ opened at $589.55 on Monday. The business's fifty day moving average price is $583.89 and its two-hundred day moving average price is $536.68. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This is a boost from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a dividend yield of 0.5%.

About Invesco QQQ

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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