Lighthouse Wealth Management Inc. Sells 2,245 Shares of Invesco QQQ $QQQ

Key Points

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Lighthouse Wealth Management Inc. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 24,850 shares of the exchange traded fund's stock after selling 2,245 shares during the period. Invesco QQQ accounts for approximately 11.9% of Lighthouse Wealth Management Inc.'s portfolio, making the stock its largest position. Lighthouse Wealth Management Inc.'s holdings in Invesco QQQ were worth $13,708,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Marshall & Sullivan Inc. WA acquired a new position in shares of Invesco QQQ during the second quarter worth about $41,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ during the first quarter worth about $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ during the first quarter worth about $51,000. Blume Capital Management Inc. increased 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 worth $57,000 after acquiring an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC increased 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 worth $58,000 after acquiring an additional 120 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.5%

Shares of Invesco QQQ stock traded up $2.85 on Monday, reaching $602.20. 57,065,386 shares of the stock were exchanged, compared to its average volume of 47,450,008. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $602.87. The business has a fifty day moving average price of $573.11 and a two-hundred day moving average price of $524.79.

Invesco QQQ Increases Dividend

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

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.