DHJJ Financial Advisors Ltd. Decreases Stake in Invesco QQQ $QQQ

DHJJ Financial Advisors Ltd. cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,905 shares of the exchange traded fund’s stock after selling 266 shares during the quarter. Invesco QQQ accounts for about 11.3% of DHJJ Financial Advisors Ltd.’s portfolio, making the stock its largest position. DHJJ Financial Advisors Ltd.’s holdings in Invesco QQQ were worth $31,391,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in QQQ. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ during the second quarter worth $41,000. Alpine Bank Wealth Management acquired a new position in Invesco QQQ during the first quarter worth $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ during the first quarter worth $51,000. Blume Capital Management Inc. raised its holdings in Invesco QQQ by 105.0% during the first 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 last quarter. Finally, Atlantic Private Wealth LLC raised its holdings in Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 120 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $603.18 on Friday. The company’s fifty day moving average price is $579.85 and its two-hundred day moving average price is $531.81. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $607.33.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.5%.

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.