Vicus Capital Sells 18,542 Shares of Invesco QQQ $QQQ

Key Points

• Vicus Capital reduced its stake in Invesco QQQ by 58.7%, selling 18,542 shares and holding 13,069 shares worth $7,209,000 at the end of the second quarter.
• Several large investors, including Naples Global Advisors LLC and Pure Financial Advisors LLC, have increased their positions in Invesco QQQ during the same period.
• Invesco QQQ announced a quarterly dividend of $0.694, up from the previous $0.59, with shareholders of record set to receive this payment on October 31st.

Vicus Capital cut its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 58.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,069 shares of the exchange traded fund's stock after selling 18,542 shares during the period. Vicus Capital's holdings in Invesco QQQ were worth $7,209,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Naples Global Advisors LLC raised its stake in Invesco QQQ by 38.9% in the second quarter. Naples Global Advisors LLC now owns 5,421 shares of the exchange traded fund's stock valued at $2,993,000 after purchasing an additional 1,517 shares in the last quarter. Pure Financial Advisors LLC grew its stake in Invesco QQQ by 8.6% during the second quarter. Pure Financial Advisors LLC now owns 16,919 shares of the exchange traded fund's stock worth $9,333,000 after buying an additional 1,335 shares in the last quarter. Consolidated Planning Corp increased its holdings in Invesco QQQ by 0.4% in the 2nd quarter. Consolidated Planning Corp now owns 10,409 shares of the exchange traded fund's stock valued at $5,742,000 after buying an additional 45 shares during the period. BSW Wealth Partners raised its position in shares of Invesco QQQ by 0.7% in the 2nd quarter. BSW Wealth Partners now owns 3,683 shares of the exchange traded fund's stock valued at $2,031,000 after buying an additional 27 shares in the last quarter. Finally, BOCHK Asset Management Ltd acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at approximately $23,169,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.4%

NASDAQ QQQ opened at $605.73 on Friday. The firm's 50 day simple moving average is $579.12 and its 200 day simple moving average is $530.93. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $607.16.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. This represents a $2.78 annualized dividend and a dividend 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.

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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