Fluent Financial LLC Sells 11,881 Shares of Invesco QQQ $QQQ

Key Points

• Fluent Financial LLC reduced its holdings in Invesco QQQ by 54%, selling 11,881 shares during the second quarter, and now owns 10,117 shares valued at $5,581,000.
• Invesco QQQ recently declared a quarterly dividend of $0.694 per share, increasing from the previous dividend of $0.59, with a dividend yield of 0.5%.
• The stock opened at $610.70 and has a 12-month range with a low of $402.39 and a high of $611.75, indicating a steady performance over the past year.

Fluent Financial LLC cut its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 54.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,117 shares of the exchange traded fund's stock after selling 11,881 shares during the period. Invesco QQQ accounts for 2.3% of Fluent Financial LLC's holdings, making the stock its 10th largest position. Fluent Financial LLC's holdings in Invesco QQQ were worth $5,581,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Compass Financial Services Inc raised its holdings in shares of Invesco QQQ by 0.4% in 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 during the period. Vermillion Wealth Management Inc. raised its holdings in shares of Invesco QQQ by 4.2% in the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund's stock valued at $271,000 after buying an additional 20 shares during the period. Barrett & Company Inc. raised its holdings in shares of Invesco QQQ by 14.9% in the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund's stock valued at $85,000 after buying an additional 20 shares during the period. MTM Investment Management LLC raised its holdings in shares of Invesco QQQ by 1.6% in 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 during the period. Finally, Cutler Investment Counsel LLC raised its holdings in shares of Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after buying an additional 21 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.1%

QQQ stock opened at $610.70 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $611.75. The business's fifty day moving average price is $583.17 and its 200 day moving average price is $535.28.

Invesco QQQ Increases Dividend

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

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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