Invesco QQQ $QQQ Shares Sold by Westfuller Advisors LLC

by · The Markets Daily

Westfuller Advisors LLC trimmed its position in Invesco QQQ (NASDAQ:QQQFree Report) by 15.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,816 shares of the exchange traded fund’s stock after selling 869 shares during the period. Invesco QQQ accounts for about 1.2% of Westfuller Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. Westfuller Advisors LLC’s holdings in Invesco QQQ were worth $2,779,000 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. Brighton Jones LLC increased its holdings in shares of Invesco QQQ by 15.0% in the 4th 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 during the last quarter. Revolve Wealth Partners LLC raised its position in shares of Invesco QQQ by 3.5% during the 4th 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. Jupiter Wealth Management LLC bought a new position in Invesco QQQ during the second quarter worth $290,000. Wealth Group Ltd. boosted its holdings in Invesco QQQ by 283.7% in the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock worth $13,587,000 after purchasing an additional 18,210 shares during the period. Finally, Invesco Ltd. boosted its holdings in Invesco QQQ by 1,057.3% in the second quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock worth $18,239,000 after purchasing an additional 30,206 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.1%

QQQ stock opened at $713.61 on Monday. Invesco QQQ has a 1-year low of $549.58 and a 1-year high of $748.65. The firm has a fifty day moving average price of $712.54 and a two-hundred day moving average price of $646.51.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 22nd will be given a dividend of $0.8135 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Company Profile

(Free Report)

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.

Further Reading

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