Masso Torrence Wealth Management Inc. Sells 468 Shares of Invesco QQQ $QQQ

Key Points

• Masso Torrence Wealth Management Inc. reduced its holdings in Invesco QQQ by 2.9%, bringing the total to 15,524 shares worth approximately $8.56 million, making it the firm's sixth largest holding.
• Invesco QQQ has declared a quarterly dividend of $0.694 per share, increasing from the previous dividend of $0.59, with a dividend yield of 0.5%.
• The stock has seen a 52-week price range between $402.39 and $600.05, currently opening at $599.35.

Masso Torrence Wealth Management Inc. trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,524 shares of the exchange traded fund's stock after selling 468 shares during the quarter. Invesco QQQ accounts for about 4.0% of Masso Torrence Wealth Management Inc.'s portfolio, making the stock its 6th largest position. Masso Torrence Wealth Management Inc.'s holdings in Invesco QQQ were worth $8,564,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in QQQ. Wilkins Miller Wealth Management LLC acquired a new position in shares of Invesco QQQ in the 4th quarter worth approximately $1,018,000. Sendero Wealth Management LLC acquired a new position in shares of Invesco QQQ in the 1st quarter worth approximately $273,000. GSG Advisors LLC lifted its position in shares of Invesco QQQ by 8.2% in the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock worth $3,600,000 after purchasing an additional 585 shares during the period. Amundi lifted its position 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 worth $49,980,000 after purchasing an additional 6,600 shares during the period. Finally, Orser Capital Management LLC acquired a new position in shares of Invesco QQQ in the 1st quarter worth approximately $566,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.5%

Shares of Invesco QQQ stock traded up $2.85 during trading on Monday, reaching $602.20. 57,065,386 shares of the company traded hands, 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 company has a 50 day moving average price of $573.11 and a 200-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. 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 dividend yield of 0.5%. The ex-dividend date is Monday, September 22nd. This is a boost from Invesco QQQ's previous quarterly dividend of $0.59.

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.