Woodward Diversified Capital LLC Has $435,000 Stock Position in Invesco QQQ $QQQ

Woodward Diversified Capital LLC decreased its stake in Invesco QQQ (NASDAQ:QQQ) by 45.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 788 shares of the exchange traded fund’s stock after selling 660 shares during the quarter. Woodward Diversified Capital LLC’s holdings in Invesco QQQ were worth $435,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Marshall & Sullivan Inc. WA acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at $41,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ in the 1st quarter worth about $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ in the 1st quarter worth about $51,000. Blume Capital Management Inc. lifted its stake in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC lifted its stake in Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 120 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $605.73 on Friday. The stock has a 50-day moving average price of $579.12 and a 200 day moving average price of $530.93. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $607.16.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a $0.694 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

Invesco QQQ Company Profile

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.