Invesco QQQ (NASDAQ:QQQ) Shares Sold by Paradigm Strategies in Wealth Management LLC

Paradigm Strategies in Wealth Management LLC lessened its position in Invesco QQQ (NASDAQ:QQQ) by 7.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 981 shares of the exchange traded fund’s stock after selling 80 shares during the period. Invesco QQQ comprises 0.3% of Paradigm Strategies in Wealth Management LLC’s portfolio, making the stock its 28th largest holding. Paradigm Strategies in Wealth Management LLC’s holdings in Invesco QQQ were worth $470,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Prospect Financial Services LLC increased its position in Invesco QQQ by 0.3% during the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock worth $3,059,000 after acquiring an additional 21 shares during the period. Sweeney & Michel LLC increased its position in Invesco QQQ by 4.0% during the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after acquiring an additional 22 shares during the period. Family Firm Inc. increased its position in Invesco QQQ by 3.1% during the second quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock worth $354,000 after acquiring an additional 22 shares during the period. Summit X LLC increased its position in Invesco QQQ by 0.4% during the fourth 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 during the period. Finally, CarsonAllaria Wealth Management Ltd. boosted its stake in Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 24 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.2 %

Shares of NASDAQ:QQQ traded up $5.61 on Friday, hitting $476.27. The stock had a trading volume of 33,466,473 shares, compared to its average volume of 40,489,914. The firm’s 50 day moving average price is $474.15 and its 200-day moving average price is $454.86. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Increases Dividend

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

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.