Spire Wealth Management Sells 1,068 Shares of Invesco QQQ (NASDAQ:QQQ)

Spire Wealth Management decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,737 shares of the exchange traded fund’s stock after selling 1,068 shares during the quarter. Spire Wealth Management’s holdings in Invesco QQQ were worth $15,206,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Sage Mountain Advisors LLC increased its stake in shares of Invesco QQQ by 275.9% in the 2nd quarter. Sage Mountain Advisors LLC now owns 10,916 shares of the exchange traded fund’s stock valued at $5,230,000 after buying an additional 8,012 shares during the period. Catalytic Wealth RIA LLC increased its stake in shares of Invesco QQQ by 21.1% in the 2nd quarter. Catalytic Wealth RIA LLC now owns 11,437 shares of the exchange traded fund’s stock valued at $5,480,000 after buying an additional 1,994 shares during the period. Ingalls & Snyder LLC increased its stake in shares of Invesco QQQ by 10.5% in the 2nd quarter. Ingalls & Snyder LLC now owns 2,942 shares of the exchange traded fund’s stock valued at $1,410,000 after buying an additional 280 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Invesco QQQ by 2.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,544,540 shares of the exchange traded fund’s stock valued at $1,219,115,000 after buying an additional 64,401 shares during the period. Finally, Watershed Private Wealth LLC increased its stake in shares of Invesco QQQ by 7.0% in the 2nd quarter. Watershed Private Wealth LLC now owns 16,164 shares of the exchange traded fund’s stock valued at $7,745,000 after buying an additional 1,054 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.2 %

Shares of Invesco QQQ stock traded up $5.61 during trading on Friday, reaching $476.27. 33,466,473 shares of the company were exchanged, compared to its average volume of 40,922,408. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The business has a 50-day moving average price of $474.15 and a 200-day moving average price of $455.05.

Invesco QQQ Increases Dividend

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

About Invesco QQQ

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.