Invesco QQQ $QQQ Shares Sold by Capital Asset Advisory Services LLC

Key Points

• Capital Asset Advisory Services LLC decreased its stake in Invesco QQQ by 16.0%, selling 1,185 shares and holding 6,202 shares valued at $3,392,000 at the quarter's end.
• Invesco QQQ recently paid a quarterly dividend of $0.5911 per share, representing an annualized yield of 0.4% based on a $2.36 dividend.
• As of the latest data, Invesco QQQ shares opened at $586.66, with a yearly price range from $402.39 to $587.86.

Capital Asset Advisory Services LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 16.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,202 shares of the exchange traded fund's stock after selling 1,185 shares during the quarter. Capital Asset Advisory Services LLC's holdings in Invesco QQQ were worth $3,392,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Compass Financial Services Inc grew its stake in shares of Invesco QQQ by 0.4% during the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock worth $2,345,000 after purchasing an additional 19 shares during the period. Willis Johnson & Associates Inc. grew its stake in shares of Invesco QQQ by 2.6% during the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock worth $416,000 after purchasing an additional 21 shares during the period. MTM Investment Management LLC grew its stake in shares of 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 period. Cutler Investment Counsel LLC grew its stake in shares of 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 period. Finally, Mosaic Family Wealth Partners LLC grew its stake in shares of Invesco QQQ by 1.6% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock worth $707,000 after purchasing an additional 22 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.4%

NASDAQ:QQQ opened at $586.66 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $587.86. The firm's fifty day simple moving average is $568.24 and its 200-day simple moving average is $520.54.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were paid a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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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