Wealth Management Nebraska Sells 1,034 Shares of Invesco QQQ $QQQ

Key Points

• Wealth Management Nebraska reduced its stake in Invesco QQQ by 40.2%, selling 1,034 shares and now holding a total of 1,541 shares valued at approximately $845,000.
• Invesco QQQ has announced an increase in its quarterly dividend to $0.694, up from the previous $0.59, reflecting an annualized yield of 0.5%.
• As of the latest trading session, Invesco QQQ's share price was $604.51, with a fifty-two week range between $402.39 and $609.71.

Wealth Management Nebraska lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 40.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,541 shares of the exchange traded fund's stock after selling 1,034 shares during the period. Wealth Management Nebraska's holdings in Invesco QQQ were worth $845,000 at the end of the most recent quarter.

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

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $604.51 on Wednesday. The stock's fifty day moving average is $581.39 and its 200 day moving average is $533.92. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $609.71.

Invesco QQQ Increases Dividend

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

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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