Invesco QQQ $QQQ Stock Holdings Lessened by Tyler Stone Wealth Management

Tyler Stone Wealth Management cut its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 8.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,998 shares of the exchange traded fund’s stock after selling 837 shares during the quarter. Invesco QQQ accounts for 0.8% of Tyler Stone Wealth Management’s portfolio, making the stock its 29th largest holding. Tyler Stone Wealth Management’s holdings in Invesco QQQ were worth $4,964,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Tactive Advisors LLC purchased a new stake in shares of Invesco QQQ during the second quarter valued at $9,857,000. Geneos Wealth Management Inc. raised its holdings in Invesco QQQ by 21.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 78,832 shares of the exchange traded fund’s stock worth $43,487,000 after buying an additional 13,672 shares during the period. V2 Financial group LLC raised its holdings in Invesco QQQ by 17.4% during the 2nd quarter. V2 Financial group LLC now owns 675 shares of the exchange traded fund’s stock worth $372,000 after buying an additional 100 shares during the period. Kestra Investment Management LLC lifted its stake in Invesco QQQ by 14.0% during the second quarter. Kestra Investment Management LLC now owns 3,887 shares of the exchange traded fund’s stock valued at $2,144,000 after buying an additional 476 shares in the last quarter. Finally, Johns Hopkins University boosted its holdings in shares of Invesco QQQ by 22.3% in the second quarter. Johns Hopkins University now owns 258,537 shares of the exchange traded fund’s stock worth $142,619,000 after buying an additional 47,155 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $613.62 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01. The firm’s 50 day simple moving average is $613.64 and its 200-day simple moving average is $580.58.

Invesco QQQ Increases Dividend

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

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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