Total Clarity Wealth Management Inc. Sells 216 Shares of Invesco QQQ (NASDAQ:QQQ)

Total Clarity Wealth Management Inc. reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,062 shares of the exchange traded fund’s stock after selling 216 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Invesco QQQ were worth $2,426,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. bought a new position in Invesco QQQ during the 1st quarter valued at about $28,000. Mechanics Financial Corp bought a new position in Invesco QQQ during the 2nd quarter valued at about $30,000. Deane Retirement Strategies Inc. bought a new position in Invesco QQQ during the 1st quarter valued at about $29,000. Legacy Bridge LLC lifted its holdings in Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Finally, Voisard Asset Management Group Inc. bought a new position in shares of Invesco QQQ in the fourth quarter worth about $35,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.4 %

Shares of NASDAQ QQQ opened at $475.34 on Monday. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52. The company has a 50-day moving average of $470.09 and a two-hundred day moving average of $457.36.

Invesco QQQ Increases Dividend

The business 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. 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 dividend yield of 0.64%.

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.