Invesco QQQ $QQQ Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 28.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,302 shares of the exchange traded fund's stock after selling 18,721 shares during the quarter. Invesco QQQ comprises approximately 2.0% of Kingswood Wealth Advisors LLC's holdings, making the stock its 5th largest position. Kingswood Wealth Advisors LLC's holdings in Invesco QQQ were worth $25,542,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of QQQ. Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ in the second quarter valued at approximately $41,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ during the first quarter worth $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ during the first quarter worth $51,000. Blume Capital Management Inc. increased its position in 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 position in 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. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 1.1%

Shares of QQQ stock opened at $611.44 on Thursday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $611.75. The firm's fifty day simple moving average is $582.26 and its 200 day simple moving average is $534.45.

Invesco QQQ Increases Dividend

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

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.

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