Vicus Capital Sells 18,542 Shares of Invesco QQQ $QQQ

Vicus Capital cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 58.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,069 shares of the exchange traded fund’s stock after selling 18,542 shares during the quarter. Vicus Capital’s holdings in Invesco QQQ were worth $7,209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Marshall & Sullivan Inc. WA bought a new position in Invesco QQQ in the second quarter valued at about $41,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ in the first quarter valued at approximately $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ in the 1st quarter valued at approximately $51,000. Blume Capital Management Inc. boosted its position in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC grew its holdings in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $605.73 on Friday. The firm has a 50 day moving average price of $579.12 and a two-hundred day moving average price of $530.93. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $607.16.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.