Comprehensive Financial Consultants Institutional Inc. Cuts Position in Invesco QQQ (NASDAQ:QQQ)

Comprehensive Financial Consultants Institutional Inc. decreased its position in Invesco QQQ (NASDAQ:QQQ) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,663 shares of the exchange traded fund’s stock after selling 84 shares during the period. Invesco QQQ comprises approximately 1.4% of Comprehensive Financial Consultants Institutional Inc.’s portfolio, making the stock its 20th biggest holding. Comprehensive Financial Consultants Institutional Inc.’s holdings in Invesco QQQ were worth $3,671,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of QQQ. International Assets Investment Management LLC raised its stake in shares of Invesco QQQ by 40,957.3% during the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after purchasing an additional 28,263,426 shares during the period. Global Assets Advisory LLC purchased a new position in Invesco QQQ during the 1st quarter valued at about $1,580,776,000. Steel Grove Capital Advisors LLC increased its position in shares of Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after buying an additional 3,102,568 shares during the period. Granite Bay Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 6,215.5% in the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after buying an additional 894,532 shares in the last quarter. Finally, Harvard Management Co. Inc. bought a new position in shares of Invesco QQQ in the first quarter valued at approximately $304,591,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ traded up $0.56 during trading hours on Friday, hitting $474.98. 28,014,479 shares of the company’s stock traded hands, compared to its average volume of 40,963,383. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52. The business’s fifty day simple moving average is $474.12 and its two-hundred day simple moving average is $451.18.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were issued a $0.7615 dividend. The ex-dividend date was Monday, June 24th. This represents a $3.05 annualized dividend and a dividend yield of 0.64%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57.

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.