MFA Wealth Advisors LLC Reduces Stock Position in Invesco QQQ (NASDAQ:QQQ)

MFA Wealth Advisors LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,977 shares of the exchange traded fund’s stock after selling 789 shares during the period. Invesco QQQ comprises approximately 1.7% of MFA Wealth Advisors LLC’s holdings, making the stock its 20th biggest position. MFA Wealth Advisors LLC’s holdings in Invesco QQQ were worth $7,655,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. International Assets Investment Management LLC grew its holdings in shares of Invesco QQQ by 40,957.3% in the fourth 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 in the last quarter. Global Assets Advisory LLC bought a new stake in shares of Invesco QQQ in the first quarter valued at about $1,580,776,000. Steel Grove Capital Advisors LLC grew its stake 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 worth $1,525,067,000 after acquiring an additional 3,102,568 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Invesco QQQ by 7.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock valued at $1,013,490,000 after buying an additional 162,691 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Invesco QQQ by 10.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,241,509 shares of the exchange traded fund’s stock valued at $1,073,929,000 after buying an additional 206,608 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.5 %

Invesco QQQ stock traded up $2.24 during mid-day trading on Wednesday, hitting $482.50. The company had a trading volume of 25,411,801 shares, compared to its average volume of 40,755,074. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The company’s fifty day moving average is $475.10 and its 200-day moving average is $452.93.

Invesco QQQ Increases Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.63%. This is a positive change 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.