5T Wealth LLC Sells 1,123 Shares of Invesco QQQ $QQQ

5T Wealth LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 43.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,468 shares of the exchange traded fund’s stock after selling 1,123 shares during the quarter. 5T Wealth LLC’s holdings in Invesco QQQ were worth $811,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Smith Shellnut Wilson LLC ADV increased its stake in shares of Invesco QQQ by 0.4% in the 2nd quarter. Smith Shellnut Wilson LLC ADV now owns 25,807 shares of the exchange traded fund’s stock valued at $14,236,000 after acquiring an additional 109 shares in the last quarter. Gilbert & Cook Inc. grew its position in Invesco QQQ by 4.1% in the 2nd quarter. Gilbert & Cook Inc. now owns 2,817 shares of the exchange traded fund’s stock valued at $1,554,000 after purchasing an additional 111 shares during the period. Industrial Alliance Investment Management Inc. grew its position in Invesco QQQ by 7.5% in the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 171,402 shares of the exchange traded fund’s stock valued at $94,552,000 after purchasing an additional 12,019 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in Invesco QQQ by 69.7% in the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 28,309 shares of the exchange traded fund’s stock valued at $15,617,000 after purchasing an additional 11,624 shares during the period. Finally, Westwood Wealth Management grew its position in Invesco QQQ by 5.1% in the 2nd quarter. Westwood Wealth Management now owns 5,340 shares of the exchange traded fund’s stock valued at $2,946,000 after purchasing an additional 260 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $629.07 on Friday. The company has a fifty day simple moving average of $596.70 and a 200 day simple moving average of $553.82. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were given a $0.694 dividend. This represents a $2.78 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, September 22nd. This is an increase 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.