Verde Capital Management Cuts Holdings in Invesco QQQ $QQQ

Verde Capital Management lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,570 shares of the exchange traded fund’s stock after selling 894 shares during the quarter. Invesco QQQ accounts for 2.1% of Verde Capital Management’s holdings, making the stock its 10th biggest holding. Verde Capital Management’s holdings in Invesco QQQ were worth $8,589,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of QQQ. Brighton Jones LLC boosted its holdings in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after acquiring an additional 4,989 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after acquiring an additional 176 shares during the period. Triumph Capital Management boosted its holdings in Invesco QQQ by 1.8% during the 4th quarter. Triumph Capital Management now owns 8,753 shares of the exchange traded fund’s stock valued at $4,475,000 after acquiring an additional 154 shares during the period. Nuveen Asset Management LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter worth $11,247,000. Finally, Pathstone Holdings LLC lifted its holdings in shares of Invesco QQQ by 118.0% in the 4th quarter. Pathstone Holdings LLC now owns 18,890 shares of the exchange traded fund’s stock worth $9,658,000 after buying an additional 124,010 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.4%

Shares of QQQ stock opened at $586.66 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $587.86. The stock has a fifty day simple moving average of $568.24 and a two-hundred day simple moving average 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 issued a $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 23rd.

Invesco QQQ 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.