SOA Wealth Advisors LLC. Sells 454 Shares of Invesco QQQ $QQQ

Key Points

• SOA Wealth Advisors LLC reduced its holdings in Invesco QQQ by 3.2%, ending the quarter with 13,881 shares valued at $7,657,000.
• Invesco QQQ announced an increase in its quarterly dividend to $0.694 per share, up from the previous $0.59, with a dividend yield of 0.5%.
• Significant increases in holdings were reported from other investors, including Kingstone Capital Partners, which boosted its stake by more than 700,000%, acquiring over 67 million shares.

SOA Wealth Advisors LLC. lessened its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,881 shares of the exchange traded fund's stock after selling 454 shares during the period. SOA Wealth Advisors LLC.'s holdings in Invesco QQQ were worth $7,657,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of QQQ. Kingstone Capital Partners Texas LLC boosted its stake in Invesco QQQ by 704,593.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund's stock worth $37,299,340,000 after buying an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. boosted its stake in Invesco QQQ by 959.6% during the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock worth $11,300,023,000 after buying an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. purchased a new position in Invesco QQQ during the first quarter worth $2,775,904,000. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco QQQ by 1.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund's stock worth $1,501,063,000 after buying an additional 52,234 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in Invesco QQQ by 2.3% during the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock worth $1,163,036,000 after buying an additional 54,944 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.5%

NASDAQ QQQ opened at $603.25 on Thursday. The company has a fifty day moving average of $578.30 and a two-hundred day moving average of $530.08. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $603.79.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend 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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