Flaharty Asset Management LLC Sells 1,592 Shares of Invesco QQQ $QQQ

Key Points

• Flaharty Asset Management LLC reduced its holdings in Invesco QQQ by 12.1%, now owning 11,516 shares, making it the company's 26th biggest position.
• Other institutional investors, such as Strive Asset Management and Integrity Alliance LLC, have increased their stakes in Invesco QQQ significantly, raising their holdings by 29.5% and 76.1%, respectively.
• Invesco QQQ's stock is currently trading at $580.51, reflecting a 0.3% increase, and has a 52-week range between $402.39 and $583.32.

Flaharty Asset Management LLC lessened its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,516 shares of the exchange traded fund's stock after selling 1,592 shares during the quarter. Invesco QQQ comprises 0.8% of Flaharty Asset Management LLC's holdings, making the stock its 26th biggest position. Flaharty Asset Management LLC's holdings in Invesco QQQ were worth $5,400,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Strive Asset Management LLC raised its stake in shares of Invesco QQQ by 29.5% during the 1st quarter. Strive Asset Management LLC now owns 41,732 shares of the exchange traded fund's stock worth $19,569,000 after acquiring an additional 9,495 shares in the last quarter. Integrity Alliance LLC. raised its position in shares of Invesco QQQ by 76.1% in the 1st quarter. Integrity Alliance LLC. now owns 96,202 shares of the exchange traded fund's stock valued at $45,111,000 after purchasing an additional 41,588 shares during the last quarter. Ransom Advisory Ltd purchased a new position in shares of Invesco QQQ in the 1st quarter valued at approximately $70,000. Anchor Investment Management LLC raised its position in shares of Invesco QQQ by 1.7% in the 1st quarter. Anchor Investment Management LLC now owns 41,755 shares of the exchange traded fund's stock valued at $19,580,000 after purchasing an additional 680 shares during the last quarter. Finally, Trinity Financial Advisors LLC raised its position in shares of Invesco QQQ by 17.6% in the 1st quarter. Trinity Financial Advisors LLC now owns 889 shares of the exchange traded fund's stock valued at $401,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.3%

Shares of Invesco QQQ stock opened at $580.51 on Wednesday. The company has a 50 day moving average price of $566.46 and a 200 day moving average price of $519.13. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $583.32.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.

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