Invesco QQQ $QQQ Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.8% in the second quarter, HoldingsChannel.com reports. The firm owned 4,302 shares of the exchange traded fund’s stock after selling 172 shares during the quarter. Heritage Investors Management Corp’s holdings in Invesco QQQ were worth $2,373,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after acquiring an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after acquiring an additional 176 shares in the last quarter. Wealth Group Ltd. boosted its stake in Invesco QQQ by 305.2% in the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after acquiring an additional 4,835 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in Invesco QQQ by 7.3% in the first quarter. Golden State Wealth Management LLC now owns 32,742 shares of the exchange traded fund’s stock valued at $15,353,000 after acquiring an additional 2,241 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its stake in Invesco QQQ by 110.7% in the first quarter. DAVENPORT & Co LLC now owns 21,608 shares of the exchange traded fund’s stock valued at $10,133,000 after acquiring an additional 223,140 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $626.05 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The company has a fifty day moving average of $595.56 and a two-hundred day moving average of $551.96.

Invesco QQQ Increases Dividend

The business 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 boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, September 22nd.

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.