Invesco QQQ (NASDAQ:QQQ) Position Lessened by Journey Advisory Group LLC

Journey Advisory Group LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 13.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,073 shares of the exchange traded fund’s stock after selling 1,094 shares during the quarter. Journey Advisory Group LLC’s holdings in Invesco QQQ were worth $3,389,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. New Covenant Trust Company N.A. bought a new stake in shares of 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. Mechanics Financial Corp purchased a new position in Invesco QQQ in the 2nd quarter worth about $30,000. Legacy Bridge LLC raised its holdings in shares of Invesco QQQ by 800.0% during the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 64 shares during the period. Finally, Voisard Asset Management Group Inc. acquired a new position in Invesco QQQ in the fourth quarter worth approximately $35,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ traded up $3.71 during mid-day trading on Thursday, hitting $464.32. 9,412,023 shares of the company’s stock were exchanged, compared to its average volume of 40,288,020. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The firm has a fifty day moving average of $473.45 and a two-hundred day moving average of $455.75.

Invesco QQQ Increases Dividend

The business also recently declared 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 of this dividend was Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a yield of 0.66%.

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.