Invesco QQQ $QQQ Shares Sold by LJI Wealth Management LLC

LJI Wealth Management LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 6.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,049 shares of the exchange traded fund’s stock after selling 1,819 shares during the quarter. Invesco QQQ makes up about 2.5% of LJI Wealth Management LLC’s investment portfolio, making the stock its 10th largest holding. LJI Wealth Management LLC’s holdings in Invesco QQQ were worth $14,370,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth about $30,000. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth about $41,000. Moser Wealth Advisors LLC lifted its stake in shares of Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 93 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ during the 1st quarter worth about $50,000. Finally, Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ during the 1st quarter worth about $51,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $610.58 on Friday. The firm has a 50-day moving average of $589.82 and a 200-day moving average of $544.88. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $613.18.

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 paid a $0.694 dividend. This is a positive change 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 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.