Discipline Wealth Solutions LLC Lowers Position in Invesco QQQ $QQQ

Discipline Wealth Solutions LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,733 shares of the exchange traded fund’s stock after selling 40 shares during the period. Discipline Wealth Solutions LLC’s holdings in Invesco QQQ were worth $956,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Compass Financial Services Inc boosted its position in Invesco QQQ by 0.4% during the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock valued at $2,345,000 after acquiring an additional 19 shares in the last quarter. Willis Johnson & Associates Inc. boosted its position in Invesco QQQ by 2.6% during the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund’s stock valued at $416,000 after acquiring an additional 21 shares in the last quarter. MTM Investment Management LLC boosted its position in Invesco QQQ by 1.6% during the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock valued at $613,000 after acquiring an additional 21 shares in the last quarter. Cutler Investment Counsel LLC boosted its position in Invesco QQQ by 1.4% during the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock valued at $710,000 after acquiring an additional 21 shares in the last quarter. Finally, Mosaic Family Wealth Partners LLC boosted its position in Invesco QQQ by 1.6% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund’s stock valued at $707,000 after acquiring an additional 22 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.4%

Invesco QQQ stock opened at $586.66 on Friday. The stock’s 50 day simple moving average is $568.24 and its two-hundred day simple moving average is $520.54. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $587.86.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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.