Sage Advisors LLC Cuts Holdings in Invesco QQQ $QQQ

Key Points

• Sage Advisors LLC reduced its holdings in Invesco QQQ (QQQ) by 23.5% in the second quarter, now owning 2,486 shares worth approximately $1,371,000.
• Invesco QQQ declared a quarterly dividend of $0.694, an increase from the previous $0.59, with an ex-dividend date set for September 22nd.
• Invesco QQQ experienced a recent decline, opening at $598.00, with shares showing a 12-month high of $613.18 and a low of $402.39.

Sage Advisors LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 23.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,486 shares of the exchange traded fund's stock after selling 762 shares during the quarter. Invesco QQQ makes up approximately 1.0% of Sage Advisors LLC's investment portfolio, making the stock its 19th biggest holding. Sage Advisors LLC's holdings in Invesco QQQ were worth $1,371,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Compass Financial Services Inc grew its holdings 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 worth $2,345,000 after purchasing an additional 19 shares during the last quarter. Vermillion Wealth Management Inc. grew its holdings in Invesco QQQ by 4.2% in the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund's stock worth $271,000 after purchasing an additional 20 shares during the last quarter. Barrett & Company Inc. grew its holdings in Invesco QQQ by 14.9% in the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund's stock worth $85,000 after purchasing an additional 20 shares during the last quarter. Investment Advisory Group LLC grew its holdings in Invesco QQQ by 0.4% in the second quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund's stock worth $3,158,000 after purchasing an additional 20 shares during the last quarter. Finally, waypoint wealth counsel grew its holdings in Invesco QQQ by 0.6% in the second quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund's stock worth $1,964,000 after purchasing an additional 20 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.7%

NASDAQ QQQ opened at $598.00 on Wednesday. The firm's fifty day simple moving average is $585.40 and its two-hundred day simple moving average is $538.03. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $613.18.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be issued a $0.694 dividend. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.5%. 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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