Dohj LLC Sells 9,719 Shares of Invesco QQQ $QQQ

Dohj LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 42.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,321 shares of the exchange traded fund's stock after selling 9,719 shares during the quarter. Invesco QQQ accounts for about 2.0% of Dohj LLC's investment portfolio, making the stock its 11th biggest position. Dohj LLC's holdings in Invesco QQQ were worth $7,348,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. ETF Portfolio Partners Inc. grew its stake in shares of Invesco QQQ by 3.1% during the second quarter. ETF Portfolio Partners Inc. now owns 32,362 shares of the exchange traded fund's stock valued at $17,852,000 after buying an additional 977 shares during the last quarter. Castle Rock Wealth Management LLC grew its stake in shares of Invesco QQQ by 32.8% during the second quarter. Castle Rock Wealth Management LLC now owns 7,740 shares of the exchange traded fund's stock valued at $4,378,000 after buying an additional 1,912 shares during the last quarter. Morton Capital Management LLC CA grew its stake in shares of Invesco QQQ by 53.5% during the second quarter. Morton Capital Management LLC CA now owns 8,019 shares of the exchange traded fund's stock valued at $4,424,000 after buying an additional 2,796 shares during the last quarter. Gainplan LLC bought a new position in shares of Invesco QQQ during the second quarter valued at approximately $38,853,000. Finally, WESPAC Advisors LLC grew its stake in shares of Invesco QQQ by 9.6% during the second quarter. WESPAC Advisors LLC now owns 2,253 shares of the exchange traded fund's stock valued at $1,243,000 after buying an additional 198 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $611.44 on Thursday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $611.75. The business's 50 day moving average is $582.26 and its 200 day moving average is $534.45.

Invesco QQQ Increases Dividend

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

Invesco QQQ 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.