Saxon Interests Inc. Sells 40 Shares of Invesco QQQ (NASDAQ:QQQ)

Saxon Interests Inc. cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,801 shares of the exchange traded fund’s stock after selling 40 shares during the quarter. Invesco QQQ comprises 1.1% of Saxon Interests Inc.’s portfolio, making the stock its 23rd largest position. Saxon Interests Inc.’s holdings in Invesco QQQ were worth $2,300,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ during the first quarter valued at approximately $28,000. Deane Retirement Strategies Inc. acquired a new position in shares of Invesco QQQ in the 1st quarter valued at $29,000. Legacy Bridge LLC increased its position in shares of Invesco QQQ by 800.0% in the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 64 shares in the last quarter. Voisard Asset Management Group Inc. bought a new position in Invesco QQQ during the fourth quarter worth about $35,000. Finally, Red Tortoise LLC lifted its holdings in Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 74 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.1 %

Shares of Invesco QQQ stock traded up $0.61 during trading hours on Friday, hitting $475.03. The company’s stock had a trading volume of 38,383,623 shares, compared to its average volume of 41,031,074. The stock has a 50 day moving average of $474.36 and a 200 day moving average of $451.69. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52.

Invesco QQQ Increases Dividend

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

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.