Pittenger & Anderson Inc. cut its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,695 shares of the exchange traded fund's stock after selling 1,477 shares during the quarter. Invesco QQQ accounts for 3.1% of Pittenger & Anderson Inc.'s portfolio, making the stock its 3rd largest holding. Pittenger & Anderson Inc.'s holdings in Invesco QQQ were worth $83,681,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brighton Jones LLC lifted its stake in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after acquiring an additional 176 shares in the last quarter. Wealth Group Ltd. boosted its stake in Invesco QQQ by 305.2% in the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund's stock worth $3,010,000 after purchasing an additional 4,835 shares during the period. GAMMA Investing LLC grew its position in Invesco QQQ by 19.2% during the 1st quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund's stock worth $1,872,000 after purchasing an additional 643 shares in the last quarter. Finally, Veridan Wealth LLC raised its stake in Invesco QQQ by 28.3% during the 1st quarter. Veridan Wealth LLC now owns 5,691 shares of the exchange traded fund's stock valued at $2,669,000 after purchasing an additional 1,256 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Stock Performance
QQQ opened at $611.54 on Tuesday. The stock has a fifty day moving average of $588.07 and a 200-day moving average of $542.68. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $613.18.
Invesco QQQ Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a $0.694 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.5%. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59.
About Invesco QQQ
(
Free Report)
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.
Further Reading
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).
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