Trilogy Capital Inc. Reduces Position in Invesco QQQ $QQQ

Key Points

• Trilogy Capital Inc. has reduced its stake in Invesco QQQ by 11.0%, now holding 191,908 shares valued at $105.86 million.
• Invesco QQQ has recently increased its quarterly dividend to $0.694 per share, with an annualized yield of 0.5% compared to the previous $0.59.
• The stock's performance has seen a 1-year low of $402.39 and a high of $603.79, currently opening at $603.25.

Trilogy Capital Inc. decreased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 191,908 shares of the exchange traded fund's stock after selling 23,603 shares during the quarter. Invesco QQQ accounts for about 5.1% of Trilogy Capital Inc.'s investment portfolio, making the stock its 2nd largest position. Trilogy Capital Inc.'s holdings in Invesco QQQ were worth $105,864,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ in the second quarter worth approximately $41,000. Alpine Bank Wealth Management acquired a new position in Invesco QQQ in the first quarter worth approximately $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ in the first quarter worth approximately $51,000. Blume Capital Management Inc. grew its position in Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after buying an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC grew its position in Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after buying an additional 120 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $603.25 on Thursday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $603.79. The firm's 50 day moving average price is $578.30 and its two-hundred day moving average price is $530.08.

Invesco QQQ Increases Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, September 22nd. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.59.

About Invesco QQQ

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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