Fischer Investment Strategies LLC Decreases Stock Position in Invesco QQQ $QQQ

Fischer Investment Strategies LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,525 shares of the exchange traded fund's stock after selling 784 shares during the period. Invesco QQQ comprises approximately 4.6% of Fischer Investment Strategies LLC's holdings, making the stock its 8th largest holding. Fischer Investment Strategies LLC's holdings in Invesco QQQ were worth $6,909,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Marshall & Sullivan Inc. WA bought a new stake in Invesco QQQ during the 2nd quarter worth about $41,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ during the 1st quarter worth about $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ during the 1st quarter worth about $51,000. Blume Capital Management Inc. grew its stake in shares of Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after purchasing an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC grew its stake in shares of Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock valued at $58,000 after purchasing an additional 120 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ opened at $589.55 on Friday. The company's 50 day simple moving average is $583.89 and its 200-day simple moving average is $536.30. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18.

Invesco QQQ Increases Dividend

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

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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