Sage Financial Group Inc. Sells 441 Shares of Invesco QQQ $QQQ

Key Points

• Sage Financial Group Inc. reduced its holdings in Invesco QQQ by 25.1%, selling 441 shares in the second quarter, leaving them with a total of 1,313 shares valued at approximately $724,000.
• Invesco QQQ has recently declared a quarterly dividend of $0.694, which represents a positive increase from the previous dividend of $0.59.
• The current stock price of Invesco QQQ is around $607.71, with a 12-month trading range topping at $609.36 and dipping to a low of $402.39.

Sage Financial Group Inc. decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 25.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,313 shares of the exchange traded fund's stock after selling 441 shares during the period. Sage Financial Group Inc.'s holdings in Invesco QQQ were worth $724,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of QQQ. Compass Financial Services Inc boosted its stake in Invesco QQQ by 0.4% during the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock worth $2,345,000 after buying an additional 19 shares in the last quarter. Vermillion Wealth Management Inc. lifted its holdings in shares of Invesco QQQ by 4.2% during the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund's stock worth $271,000 after acquiring an additional 20 shares during the period. Barrett & Company Inc. lifted its holdings in shares of Invesco QQQ by 14.9% during the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund's stock worth $85,000 after acquiring an additional 20 shares during the period. MTM Investment Management LLC boosted its position in shares of Invesco QQQ by 1.6% during the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after acquiring an additional 21 shares in the last quarter. Finally, Cutler Investment Counsel LLC raised its position in Invesco QQQ by 1.4% in the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock worth $710,000 after purchasing an additional 21 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $607.71 on Tuesday. The company has a 50-day moving average price of $580.65 and a two-hundred day moving average price of $533.42. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $609.36.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a $0.694 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.5%. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.59.

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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