Avion Wealth Has $424,000 Stock Holdings in Invesco QQQ $QQQ

Avion Wealth cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 14.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 769 shares of the exchange traded fund’s stock after selling 130 shares during the quarter. Avion Wealth’s holdings in Invesco QQQ were worth $424,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of QQQ. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ in the second quarter worth about $41,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the 1st quarter worth approximately $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ in the 1st quarter worth approximately $51,000. Blume Capital Management Inc. lifted its holdings 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 purchasing an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC lifted its holdings 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 purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $589.55 on Friday. The business has a 50 day moving average price of $583.89 and a 200 day moving average price of $536.30. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $613.18.

Invesco QQQ Increases Dividend

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

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.