Invesco QQQ $QQQ Holdings Trimmed by Warner Financial Inc.

Warner Financial Inc. decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,234 shares of the exchange traded fund’s stock after selling 156 shares during the period. Invesco QQQ comprises approximately 3.5% of Warner Financial Inc.’s holdings, making the stock its 7th largest holding. Warner Financial Inc.’s holdings in Invesco QQQ were worth $8,404,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Marshall & Sullivan Inc. WA purchased a new stake in Invesco QQQ in the second quarter worth about $41,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ in the 1st quarter valued at about $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ in the 1st quarter valued at about $51,000. Blume Capital Management Inc. raised its holdings in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC increased 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 valued at $58,000 after buying an additional 120 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $603.18 on Friday. The company’s 50 day moving average is $579.85 and its 200 day moving average is $531.81. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $607.33.

Invesco QQQ Increases Dividend

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

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.