Invesco QQQ $QQQ Shares Sold by Quattro Financial Advisors LLC

Key Points

• Quattro Financial Advisors LLC reduced its holdings in Invesco QQQ by 5.4%, now owning 36,383 shares valued at approximately $20.07 million.
• Invesco QQQ recently announced a quarterly dividend increase to $0.694 per share, up from $0.59, with an annual yield of 0.5%.
• Currently, about 44.58% of Invesco QQQ's stock is owned by institutional investors and hedge funds, indicating significant institutional interest.

Quattro Financial Advisors LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,383 shares of the exchange traded fund's stock after selling 2,085 shares during the period. Invesco QQQ makes up approximately 7.1% of Quattro Financial Advisors LLC's holdings, making the stock its 3rd biggest holding. Quattro Financial Advisors LLC's holdings in Invesco QQQ were worth $20,070,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Compass Financial Services Inc boosted its stake in Invesco QQQ by 0.4% in the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock valued at $2,345,000 after acquiring an additional 19 shares in the last quarter. Vermillion Wealth Management Inc. lifted its stake in shares of Invesco QQQ by 4.2% during the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund's stock worth $271,000 after buying an additional 20 shares during the period. MTM Investment Management LLC lifted its stake in shares of Invesco QQQ by 1.6% during the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock worth $613,000 after buying an additional 21 shares during the period. Cutler Investment Counsel LLC lifted its stake in shares of Invesco QQQ by 1.4% during the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock worth $710,000 after buying an additional 21 shares during the period. Finally, Occidental Asset Management LLC lifted its stake in shares of Invesco QQQ by 1.7% during the second quarter. Occidental Asset Management LLC now owns 1,230 shares of the exchange traded fund's stock worth $678,000 after buying an additional 21 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.4%

NASDAQ:QQQ opened at $603.18 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $607.33. The firm has a fifty day simple moving average of $579.85 and a 200-day simple moving average of $531.81.

Invesco QQQ Increases Dividend

The firm 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 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.

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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