Invesco QQQ (NASDAQ:QQQ) Shares Sold by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 39.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 3,079 shares of the exchange traded fund’s stock after selling 2,018 shares during the quarter. Mezzasalma Advisors LLC’s holdings in Invesco QQQ were worth $1,475,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Prospect Financial Services LLC raised its position in shares of Invesco QQQ by 0.3% in the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after purchasing an additional 21 shares in the last quarter. Sweeney & Michel LLC raised its holdings in Invesco QQQ by 4.0% in the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock valued at $286,000 after acquiring an additional 22 shares in the last quarter. Family Firm Inc. boosted its stake in Invesco QQQ by 3.1% during the 2nd quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock valued at $354,000 after acquiring an additional 22 shares during the last quarter. Summit X LLC grew its holdings in Invesco QQQ by 0.4% during the 4th quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock worth $2,451,000 after acquiring an additional 24 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. increased its position in shares of Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded up $5.61 during trading on Friday, reaching $476.27. The company had a trading volume of 33,466,473 shares, compared to its average volume of 40,489,914. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The firm’s fifty day moving average is $474.23 and its 200-day moving average is $454.58.

Invesco QQQ Increases Dividend

The company 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 represents a $3.05 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

Invesco QQQ 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.