Dynamic Advisor Solutions LLC Has $53.88 Million Stock Position in Invesco QQQ $QQQ

Key Points

• Dynamic Advisor Solutions LLC reduced its position in Invesco QQQ by 33.7%, now holding 97,666 shares valued at approximately $53.88 million.
• Invesco QQQ shares opened at $591.18, with a 1-year low of $402.39 and a high of $592.86.
• The recent quarterly dividend announced was $0.5911 per share, representing an annualized yield of 0.4%.

Dynamic Advisor Solutions LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 33.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,666 shares of the exchange traded fund's stock after selling 49,670 shares during the quarter. Invesco QQQ comprises about 1.7% of Dynamic Advisor Solutions LLC's investment portfolio, making the stock its 6th biggest holding. Dynamic Advisor Solutions LLC's holdings in Invesco QQQ were worth $53,876,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Compass Financial Services Inc increased its position in Invesco QQQ by 0.4% during the 1st 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. Willis Johnson & Associates Inc. increased its position in Invesco QQQ by 2.6% during the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock valued at $416,000 after buying an additional 21 shares in the last quarter. MTM Investment Management LLC increased its position in Invesco QQQ by 1.6% during the 1st 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 increased its holdings in shares of Invesco QQQ by 1.4% during the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after acquiring an additional 21 shares in the last quarter. Finally, Mosaic Family Wealth Partners LLC increased its holdings in shares of Invesco QQQ by 1.6% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock valued at $707,000 after acquiring an additional 22 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $591.18 on Wednesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $592.86. The business has a fifty day moving average price of $569.81 and a 200-day moving average price of $521.75.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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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