Axxcess Wealth Management LLC Sells 1,138 Shares of Invesco QQQ $QQQ

Axxcess Wealth Management LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,966 shares of the exchange traded fund’s stock after selling 1,138 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Invesco QQQ were worth $21,457,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Compass Financial Services Inc grew its stake in shares of Invesco QQQ by 0.4% during the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock valued at $2,345,000 after acquiring an additional 19 shares during the period. Vermillion Wealth Management Inc. grew its stake in shares of Invesco QQQ by 4.2% during the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock valued at $271,000 after acquiring an additional 20 shares during the period. Barrett & Company Inc. grew its stake in shares of Invesco QQQ by 14.9% during the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after acquiring an additional 20 shares during the period. Investment Advisory Group LLC boosted its stake in Invesco QQQ by 0.4% in the 2nd quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund’s stock worth $3,158,000 after purchasing an additional 20 shares during the period. Finally, waypoint wealth counsel boosted its stake in Invesco QQQ by 0.6% in the 2nd quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund’s stock worth $1,964,000 after purchasing an additional 20 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $598.00 on Wednesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $613.18. The business has a 50 day simple moving average of $585.40 and a two-hundred day simple moving average of $538.03.

Invesco QQQ Increases Dividend

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

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.