Higgins & Schmidt Wealth Strategies LLC Has $3.07 Million Position in Invesco QQQ $QQQ

Higgins & Schmidt Wealth Strategies LLC reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,570 shares of the exchange traded fund’s stock after selling 182 shares during the period. Invesco QQQ makes up about 1.7% of Higgins & Schmidt Wealth Strategies LLC’s investment portfolio, making the stock its 12th biggest position. Higgins & Schmidt Wealth Strategies LLC’s holdings in Invesco QQQ were worth $3,072,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Goldman Sachs Group Inc. lifted its holdings in Invesco QQQ by 959.6% in the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock valued at $11,300,023,000 after buying an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. bought a new stake in Invesco QQQ in the first quarter valued at approximately $2,775,904,000. Northwestern Mutual Wealth Management Co. increased its stake in Invesco QQQ by 1.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund’s stock valued at $1,501,063,000 after purchasing an additional 52,234 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Invesco QQQ by 2.3% in the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock valued at $1,163,036,000 after purchasing an additional 54,944 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.4%

Shares of NASDAQ:QQQ opened at $586.66 on Friday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $587.86. The company has a 50 day moving average price of $568.24 and a two-hundred day moving average price of $520.54.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company Profile

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.