Invesco QQQ (NASDAQ:QQQ) Shares Sold by IFG Advisory LLC

IFG Advisory LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,482 shares of the exchange traded fund’s stock after selling 3,172 shares during the quarter. Invesco QQQ accounts for 2.5% of IFG Advisory LLC’s portfolio, making the stock its 3rd biggest holding. IFG Advisory LLC’s holdings in Invesco QQQ were worth $39,039,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BCGM Wealth Management LLC grew its position in Invesco QQQ by 0.3% during the second quarter. BCGM Wealth Management LLC now owns 22,364 shares of the exchange traded fund’s stock worth $10,715,000 after buying an additional 65 shares during the period. Baltimore Washington Financial Advisors Inc. boosted its stake in shares of Invesco QQQ by 3.1% during the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 184,395 shares of the exchange traded fund’s stock worth $88,346,000 after acquiring an additional 5,480 shares in the last quarter. Private Ocean LLC grew its holdings in shares of Invesco QQQ by 99.9% in the 2nd quarter. Private Ocean LLC now owns 3,716 shares of the exchange traded fund’s stock worth $1,780,000 after acquiring an additional 1,857 shares during the period. Focused Wealth Management Inc increased its stake in Invesco QQQ by 1.6% in the 2nd quarter. Focused Wealth Management Inc now owns 120,610 shares of the exchange traded fund’s stock valued at $57,786,000 after purchasing an additional 1,867 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in Invesco QQQ in the 2nd quarter valued at approximately $1,509,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.2 %

QQQ opened at $476.27 on Friday. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The business’s fifty day moving average is $474.15 and its two-hundred day moving average is $455.05.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were given a $0.7615 dividend. The ex-dividend date was Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.64%.

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.