Invesco QQQ $QQQ Shares Sold by Aurora Private Wealth Inc.

Key Points

• Aurora Private Wealth Inc. has reduced its stake in Invesco QQQ by 6.7%, now holding 10,296 shares valued at approximately $5.68 million.
• Other institutions have varied their stakes, with GSG Advisors LLC increasing their holdings by 8.2% during the same period.
• Invesco QQQ announced an increased quarterly dividend of $0.694 per share, up from the previous $0.59.

Aurora Private Wealth Inc. lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,296 shares of the exchange traded fund's stock after selling 734 shares during the quarter. Invesco QQQ makes up approximately 4.2% of Aurora Private Wealth Inc.'s holdings, making the stock its 3rd biggest holding. Aurora Private Wealth Inc.'s holdings in Invesco QQQ were worth $5,679,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GSG Advisors LLC grew its holdings in Invesco QQQ by 8.2% during the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock worth $3,600,000 after acquiring an additional 585 shares during the last quarter. Amundi boosted its stake in shares of Invesco QQQ by 6.3% in the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock valued at $49,980,000 after purchasing an additional 6,600 shares during the last quarter. Jackson Wealth Management LLC boosted its stake in shares of Invesco QQQ by 8.6% in the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund's stock valued at $9,428,000 after purchasing an additional 1,586 shares during the last quarter. Greykasell Wealth Strategies Inc. boosted its stake in shares of Invesco QQQ by 8.4% in the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund's stock valued at $3,649,000 after purchasing an additional 605 shares during the last quarter. Finally, AM Investment Strategies LLC boosted its stake in shares of Invesco QQQ by 46.5% in the 1st quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund's stock valued at $904,000 after purchasing an additional 612 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 3.5%

Shares of NASDAQ QQQ opened at $589.55 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18. The firm's 50-day moving average is $583.89 and its 200-day moving average is $536.30.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. This is a boost from Invesco QQQ's previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend 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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.