Louisiana State Employees Retirement System Sells 12,900 Shares of Invesco QQQ $QQQ

Key Points

• The Louisiana State Employees Retirement System reduced its stake in Invesco QQQ by 48.5%, now holding 13,700 shares worth approximately $7.56 million.
• Invesco QQQ recently announced a quarterly dividend increase to $0.694 per share, up from $0.59, translating to an annual yield of 0.5%.
• Several institutional investors have increased their holdings in Invesco QQQ, with Brighton Jones LLC raising its stake by 15.0% in the last quarter.

Louisiana State Employees Retirement System lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 48.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,700 shares of the exchange traded fund's stock after selling 12,900 shares during the period. Louisiana State Employees Retirement System's holdings in Invesco QQQ were worth $7,557,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. Brighton Jones LLC raised its holdings 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 worth $19,605,000 after acquiring an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC increased its position in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after buying an additional 176 shares during the last quarter. Wealth Group Ltd. increased its position in Invesco QQQ by 305.2% during the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund's stock worth $3,010,000 after buying an additional 4,835 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Invesco QQQ by 2,060.7% during the first quarter. Harbor Capital Advisors Inc. now owns 12,251 shares of the exchange traded fund's stock worth $5,745,000 after buying an additional 11,684 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Invesco QQQ by 19.2% during the first quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund's stock worth $1,872,000 after buying an additional 643 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $611.44 on Thursday. The business's 50 day moving average price is $582.26 and its two-hundred day moving average price is $534.45. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $611.75.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders 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 yield of 0.5%. This is a boost from Invesco QQQ's previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd.

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.

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