Sivia Capital Partners LLC Lowers Stake in Invesco QQQ (NASDAQ:QQQ)

Sivia Capital Partners LLC cut its stake in Invesco QQQ (NASDAQ:QQQ) by 10.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 550 shares of the exchange traded fund’s stock after selling 61 shares during the period. Sivia Capital Partners LLC’s holdings in Invesco QQQ were worth $264,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in QQQ. Advisor OS LLC increased its position in shares of Invesco QQQ by 16.9% during the second quarter. Advisor OS LLC now owns 5,580 shares of the exchange traded fund’s stock worth $2,673,000 after acquiring an additional 806 shares during the period. Savant Capital LLC grew its stake in Invesco QQQ by 14.6% in the second quarter. Savant Capital LLC now owns 33,565 shares of the exchange traded fund’s stock worth $16,081,000 after purchasing an additional 4,273 shares in the last quarter. Opes Wealth Management LLC grew its stake in Invesco QQQ by 49.5% in the second quarter. Opes Wealth Management LLC now owns 755 shares of the exchange traded fund’s stock worth $362,000 after purchasing an additional 250 shares in the last quarter. Addison Advisors LLC increased its holdings in Invesco QQQ by 5.7% during the 2nd quarter. Addison Advisors LLC now owns 960 shares of the exchange traded fund’s stock worth $460,000 after purchasing an additional 52 shares during the period. Finally, ICW Investment Advisors LLC raised its position in Invesco QQQ by 2.5% during the 2nd quarter. ICW Investment Advisors LLC now owns 1,841 shares of the exchange traded fund’s stock valued at $882,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $448.69 on Friday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The business’s fifty day simple moving average is $472.43 and its 200-day simple moving average is $455.91.

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 issued a dividend of $0.7615 per share. This represents a $3.05 annualized dividend and a yield of 0.68%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend 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.