EWG Elevate Inc. Sells 4,733 Shares of Invesco QQQ $QQQ

Key Points

• EWG Elevate Inc. reduced its holdings in Invesco QQQ by 42.8%, selling 4,733 shares and retaining a total of 6,316 shares worth approximately $3.48 million.
• Invesco QQQ recently declared a quarterly dividend of $0.694 per share, increasing from the previous $0.59, which amounts to an annualized yield of 0.5%.
• As of the latest report, institutional investors own 44.58% of Invesco QQQ's stock, indicating significant institutional interest in the ETF.

EWG Elevate Inc. lowered its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 42.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,316 shares of the exchange traded fund's stock after selling 4,733 shares during the period. EWG Elevate Inc.'s holdings in Invesco QQQ were worth $3,484,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Compass Financial Services Inc increased its stake in shares of Invesco QQQ by 0.4% during the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock worth $2,345,000 after purchasing an additional 19 shares during the period. MTM Investment Management LLC increased its stake in shares of Invesco QQQ by 1.6% during the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock worth $613,000 after purchasing an additional 21 shares during the period. Cutler Investment Counsel LLC increased its stake 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 worth $710,000 after purchasing an additional 21 shares during the period. Occidental Asset Management LLC increased its stake in shares of Invesco QQQ by 1.7% during the second quarter. Occidental Asset Management LLC now owns 1,230 shares of the exchange traded fund's stock worth $678,000 after purchasing an additional 21 shares during the period. Finally, Riverbend Wealth Management LLC increased its stake in shares of Invesco QQQ by 0.3% during the first quarter. Riverbend Wealth Management LLC now owns 8,172 shares of the exchange traded fund's stock worth $3,832,000 after purchasing an additional 22 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.7%

Shares of NASDAQ QQQ opened at $598.20 on Wednesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $602.87. The business's 50 day moving average is $573.94 and its 200-day moving average is $525.30.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a dividend of $0.694 per share. 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 of this dividend 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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