Bryant Woods Investment Advisors LLC Has $585,000 Position in Invesco QQQ $QQQ

Bryant Woods Investment Advisors LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,061 shares of the exchange traded fund’s stock after selling 35 shares during the quarter. Bryant Woods Investment Advisors LLC’s holdings in Invesco QQQ were worth $585,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Agate Pass Investment Management LLC acquired a new position in shares of Invesco QQQ during the 2nd quarter worth about $634,000. JFS Wealth Advisors LLC lifted its holdings in shares of Invesco QQQ by 0.5% during the 2nd quarter. JFS Wealth Advisors LLC now owns 8,936 shares of the exchange traded fund’s stock valued at $4,930,000 after purchasing an additional 43 shares in the last quarter. Greenwood Gearhart Inc. lifted its holdings in shares of Invesco QQQ by 30.1% during the 2nd quarter. Greenwood Gearhart Inc. now owns 82,547 shares of the exchange traded fund’s stock valued at $45,536,000 after purchasing an additional 19,120 shares in the last quarter. Blue Zone Wealth Advisors LLC lifted its holdings in shares of Invesco QQQ by 1.3% during the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 44,298 shares of the exchange traded fund’s stock valued at $24,436,000 after purchasing an additional 571 shares in the last quarter. Finally, JB Capital LLC lifted its holdings in shares of Invesco QQQ by 2.0% during the 2nd quarter. JB Capital LLC now owns 29,976 shares of the exchange traded fund’s stock valued at $16,536,000 after purchasing an additional 600 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 3.5%

NASDAQ:QQQ opened at $589.55 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18. The business’s 50-day simple moving average is $583.89 and its 200-day simple moving average is $536.30.

Invesco QQQ Increases Dividend

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

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.