HT Partners LLC Sells 11,687 Shares of Invesco QQQ $QQQ

Key Points

• HT Partners LLC sold 11,687 shares of Invesco QQQ, reducing its stake by 76.5% in the second quarter, leaving them with 3,593 shares worth approximately $1,982,000.
• Invesco QQQ has declared a quarterly dividend of $0.694 per share, an increase from the previous $0.59 dividend, reflecting the company’s positive financial performance.
• As of the latest reporting, institutional investors own 44.58% of Invesco QQQ's stock, indicating significant institutional interest in the exchange-traded fund.

HT Partners LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 76.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,593 shares of the exchange traded fund's stock after selling 11,687 shares during the quarter. Invesco QQQ makes up approximately 0.6% of HT Partners LLC's investment portfolio, making the stock its 20th largest position. HT Partners LLC's holdings in Invesco QQQ were worth $1,982,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Compass Financial Services Inc raised its holdings in 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 last quarter. Vermillion Wealth Management Inc. raised its holdings in Invesco QQQ by 4.2% during the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund's stock worth $271,000 after purchasing an additional 20 shares during the last quarter. MTM Investment Management LLC raised its holdings in Invesco QQQ by 1.6% during the 1st 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 last quarter. Cutler Investment Counsel LLC raised its holdings in Invesco QQQ by 1.4% during the 1st 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 last quarter. Finally, Occidental Asset Management LLC raised its holdings in Invesco QQQ by 1.7% during the 2nd 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 last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $605.73 on Friday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $607.16. The firm has a 50 day moving average price of $579.12 and a two-hundred day moving average price of $530.93.

Invesco QQQ Increases Dividend

The company 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 represents a $2.78 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, September 22nd. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.59.

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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