HBW Advisory Services LLC Trims Stock Holdings in Invesco QQQ $QQQ

Key Points

• HBW Advisory Services LLC reduced its holdings in Invesco QQQ by 0.9%, owning 57,541 shares worth $31.7 million, making it the fund’s second-largest position.
• Invesco QQQ trades at approximately $586.66, with a 12-month low of $402.39 and a high of $587.86.
• Recently, Invesco QQQ announced a quarterly dividend of $0.5911 per share, yielding 0.4% annually.

HBW Advisory Services LLC reduced its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,541 shares of the exchange traded fund's stock after selling 503 shares during the quarter. Invesco QQQ makes up about 3.9% of HBW Advisory Services LLC's portfolio, making the stock its 2nd largest position. HBW Advisory Services LLC's holdings in Invesco QQQ were worth $31,742,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ in the 1st quarter valued at $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ during the 1st quarter valued at $51,000. Blume Capital Management Inc. lifted its position in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after acquiring an additional 2,536 shares during the period. Atlantic Private Wealth LLC lifted its position in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock valued at $58,000 after acquiring an additional 120 shares during the period. Finally, Putney Financial Group LLC acquired a new position in shares of Invesco QQQ during the 4th quarter valued at $67,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.4%

Invesco QQQ stock opened at $586.66 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $587.86. The firm's fifty day moving average is $568.24 and its 200 day moving average is $520.50.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend 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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