Invesco QQQ $QQQ Position Lowered by Sivia Capital Partners LLC

Key Points

• Sivia Capital Partners LLC has reduced its stake in Invesco QQQ by 20.3%, now owning 1,754 shares valued at approximately $968,000 after selling 448 shares during the quarter.
• Invesco QQQ's stock opened at $590.00 on Thursday, showing a slight decrease of 0.2%, with a 52-week range between $402.39 and $592.86.
• The business recently announced a quarterly dividend of $0.5911 per share, translating to an annualized yield of 0.4%.

Sivia Capital Partners LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 20.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,754 shares of the exchange traded fund's stock after selling 448 shares during the period. Sivia Capital Partners LLC's holdings in Invesco QQQ were worth $968,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC increased its position in 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 during the period. Nuveen Asset Management LLC acquired a new position in Invesco QQQ in the 4th quarter valued at about $11,247,000. White Knight Strategic Wealth Advisors LLC increased its position in Invesco QQQ by 99.4% in the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 1,428 shares of the exchange traded fund's stock valued at $730,000 after acquiring an additional 712 shares during the period. Finally, Continuum Advisory LLC increased its position in Invesco QQQ by 1.1% in the 4th quarter. Continuum Advisory LLC now owns 30,400 shares of the exchange traded fund's stock valued at $15,541,000 after acquiring an additional 338 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ stock traded up $4.03 during trading on Friday, hitting $599.35. The company had a trading volume of 58,129,765 shares, compared to its average volume of 47,115,312. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $600.05. The firm has a 50-day moving average price of $572.19 and a 200-day moving average price of $523.62.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were issued a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.