Invesco QQQ $QQQ Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC cut its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 141,386 shares of the exchange traded fund’s stock after selling 7,313 shares during the period. Invesco QQQ comprises about 2.1% of IHT Wealth Management LLC’s investment portfolio, making the stock its 4th largest position. IHT Wealth Management LLC’s holdings in Invesco QQQ were worth $77,994,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. Morgan Dempsey Capital Management LLC bought a new position in shares of Invesco QQQ during the 2nd quarter worth about $30,000. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ in the second quarter worth about $41,000. Moser Wealth Advisors LLC lifted its stake in Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 93 shares during the period. Ransom Advisory Ltd acquired a new stake in Invesco QQQ during the first quarter valued at approximately $70,000. Finally, Barrett & Company Inc. grew its stake in shares of Invesco QQQ by 14.9% in the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after purchasing an additional 20 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $613.62 on Friday. The stock has a 50 day simple moving average of $613.64 and a 200-day simple moving average of $580.16. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were paid a $0.694 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59.

About Invesco QQQ

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.