Commonwealth Equity Services LLC Lowers Position in Invesco QQQ $QQQ

Commonwealth Equity Services LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,424,153 shares of the exchange traded fund’s stock after selling 56,091 shares during the quarter. Invesco QQQ comprises about 1.8% of Commonwealth Equity Services LLC’s investment portfolio, making the stock its 5th largest holding. Commonwealth Equity Services LLC owned approximately 0.38% of Invesco QQQ worth $1,337,260,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Compass Financial Services Inc increased its position in 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 worth $2,345,000 after acquiring an additional 19 shares during the period. Vermillion Wealth Management Inc. increased its position in Invesco QQQ by 4.2% during the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock worth $271,000 after acquiring an additional 20 shares during the period. Barrett & Company Inc. increased its position in Invesco QQQ by 14.9% during the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock worth $85,000 after acquiring an additional 20 shares during the period. waypoint wealth counsel increased its position in Invesco QQQ by 0.6% during the second quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund’s stock worth $1,964,000 after acquiring an additional 20 shares during the period. Finally, Investment Advisory Group LLC increased its position in Invesco QQQ by 0.4% during the second quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund’s stock worth $3,158,000 after acquiring an additional 20 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $623.28 on Thursday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The company’s 50-day moving average price is $599.86 and its two-hundred day moving average price is $557.61.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were issued a $0.694 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.4%. 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.