Invesco QQQ $QQQ Shares Sold by Mine & Arao Wealth Creation & Management LLC.

Mine & Arao Wealth Creation & Management LLC. lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% in the second quarter, HoldingsChannel reports. The fund owned 76,494 shares of the exchange traded fund’s stock after selling 976 shares during the quarter. Invesco QQQ makes up about 18.8% of Mine & Arao Wealth Creation & Management LLC.’s portfolio, making the stock its largest position. Mine & Arao Wealth Creation & Management LLC.’s holdings in Invesco QQQ were worth $42,197,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of QQQ. Brighton Jones LLC increased its stake in shares of Invesco QQQ by 15.0% during 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 increased its stake 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 during the last quarter. Wealth Group Ltd. increased its stake in shares of Invesco QQQ by 305.2% during the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after acquiring an additional 4,835 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Invesco QQQ by 19.2% during the 1st quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund’s stock valued at $1,872,000 after acquiring an additional 643 shares during the last quarter. Finally, NBT Bank N A NY increased its stake in shares of Invesco QQQ by 8.9% during the 1st quarter. NBT Bank N A NY now owns 281 shares of the exchange traded fund’s stock valued at $132,000 after acquiring an additional 23 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.4%

NASDAQ QQQ opened at $599.99 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $613.18. The company has a 50-day moving average of $586.71 and a 200-day moving average of $539.38.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, September 22nd. This is an increase 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.