Invesco QQQ $QQQ Shares Sold by Courier Capital LLC

Key Points

• Courier Capital LLC has reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 7.7%, owning 8,690 shares following the sale of 728 shares in the second quarter.
• Invesco QQQ recently declared a quarterly dividend of $0.694, an increase from its previous $0.59, reflecting an annualized yield of 0.5%.
• As of now, 44.58% of Invesco QQQ's stock is owned by institutional investors and hedge funds, indicating a strong interest from large financial entities.

Courier Capital LLC reduced its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,690 shares of the exchange traded fund's stock after selling 728 shares during the period. Courier Capital LLC's holdings in Invesco QQQ were worth $4,794,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of QQQ. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ in the second quarter valued at $41,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ in the first quarter valued at $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ in the first quarter valued at $51,000. Blume Capital Management Inc. raised its stake in shares of Invesco QQQ by 105.0% in the first 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 in the last quarter. Finally, Atlantic Private Wealth LLC raised its stake in shares of Invesco QQQ by 3,000.0% in the first 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 in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $598.00 on Wednesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $613.18. The stock's fifty day moving average is $585.40 and its two-hundred day moving average is $538.03.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders 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. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, September 22nd.

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.

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