Sagespring Wealth Partners LLC Sells 6,963 Shares of Invesco QQQ $QQQ

Sagespring Wealth Partners LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 6.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 105,240 shares of the exchange traded fund’s stock after selling 6,963 shares during the period. Invesco QQQ accounts for approximately 0.5% of Sagespring Wealth Partners LLC’s portfolio, making the stock its 22nd largest position. Sagespring Wealth Partners LLC’s holdings in Invesco QQQ were worth $58,054,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Marshall & Sullivan Inc. WA acquired a new position in shares of Invesco QQQ in the 2nd quarter worth approximately $41,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ in the 1st quarter worth approximately $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ in the 1st quarter worth approximately $51,000. Blume Capital Management Inc. lifted its position 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 worth $57,000 after purchasing an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC lifted its position in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.7%

Invesco QQQ stock opened at $598.00 on Wednesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $613.18. The firm’s fifty day moving average is $585.40 and its 200 day moving average is $538.03.

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.