Invesco QQQ $QQQ Stock Holdings Cut by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors LLC reduced its holdings in Invesco QQQ by 0.9%, now owning 104,786 shares valued at approximately $57.8 million.
• Other institutional investors, such as GSG Advisors LLC and Amundi, have increased their stakes in Invesco QQQ by 8.2% and 6.3% respectively during the first quarter.
• Invesco QQQ announced a quarterly dividend increase to $0.694 per share, up from the previous $0.59, indicating a 0.5% yield.

Sequoia Financial Advisors LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 104,786 shares of the exchange traded fund's stock after selling 934 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Invesco QQQ were worth $57,804,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GSG Advisors LLC boosted its stake in Invesco QQQ by 8.2% during the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock valued at $3,600,000 after purchasing an additional 585 shares in the last quarter. Amundi boosted its stake in Invesco QQQ by 6.3% during the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock valued at $49,980,000 after purchasing an additional 6,600 shares in the last quarter. Jackson Wealth Management LLC boosted its stake in Invesco QQQ by 8.6% during the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund's stock valued at $9,428,000 after purchasing an additional 1,586 shares in the last quarter. Greykasell Wealth Strategies Inc. boosted its stake in Invesco QQQ by 8.4% during the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund's stock valued at $3,649,000 after purchasing an additional 605 shares in the last quarter. Finally, AM Investment Strategies LLC lifted its position in shares of Invesco QQQ by 46.5% during the 1st quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund's stock valued at $904,000 after acquiring an additional 612 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.7%

Shares of NASDAQ:QQQ opened at $602.22 on Thursday. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18. The stock has a fifty day moving average of $586.10 and a 200-day moving average of $538.48.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders 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. The ex-dividend date is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%.

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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