Invesco QQQ $QQQ Holdings Trimmed by Procyon Advisors LLC

by · The Cerbat Gem

Procyon Advisors LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 18.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,428 shares of the exchange traded fund’s stock after selling 796 shares during the period. Procyon Advisors LLC’s holdings in Invesco QQQ were worth $1,891,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wilkins Miller Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at $1,018,000. Sendero Wealth Management LLC acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at $273,000. Griffith & Werner Inc. acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at $583,000. GSG Advisors LLC lifted its stake in shares of Invesco QQQ by 8.2% in the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock valued at $3,600,000 after purchasing an additional 585 shares during the last quarter. Finally, Amundi lifted its stake in shares of Invesco QQQ by 6.3% in the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after purchasing an additional 6,600 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.1%

QQQ stock opened at $591.18 on Wednesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $592.86. The company has a fifty day simple moving average of $569.81 and a 200 day simple moving average of $521.75.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given a dividend of $0.5911 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%.

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.

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