Salomon & Ludwin LLC Sells 455 Shares of Invesco QQQ $QQQ

Salomon & Ludwin LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 21.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,631 shares of the exchange traded fund’s stock after selling 455 shares during the period. Salomon & Ludwin LLC’s holdings in Invesco QQQ were worth $898,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Compass Financial Services Inc raised its position in shares of Invesco QQQ by 0.4% during the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock valued at $2,345,000 after buying an additional 19 shares during the last quarter. Vermillion Wealth Management Inc. raised its position in Invesco QQQ by 4.2% in the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock worth $271,000 after purchasing an additional 20 shares in the last quarter. Barrett & Company Inc. raised its position in Invesco QQQ by 14.9% in the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock worth $85,000 after purchasing an additional 20 shares in the last quarter. Investment Advisory Group LLC raised its position in Invesco QQQ by 0.4% in the second 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 in the last quarter. Finally, waypoint wealth counsel raised its position in Invesco QQQ by 0.6% in the second 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 in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $603.93 on Friday. The firm has a 50-day moving average price of $587.30 and a 200 day moving average price of $540.73. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $613.18.

Invesco QQQ Increases Dividend

The company 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. The ex-dividend date of this dividend 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 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.