United Advisor Group LLC Trims Position in Invesco QQQ $QQQ

United Advisor Group LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 11.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,568 shares of the exchange traded fund’s stock after selling 604 shares during the period. United Advisor Group LLC’s holdings in Invesco QQQ were worth $2,520,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after purchasing an additional 4,989 shares during the period. Revolve Wealth Partners LLC grew its position in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after buying an additional 176 shares in the last quarter. Wealth Group Ltd. increased its stake in Invesco QQQ by 305.2% in the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after acquiring an additional 4,835 shares during the last quarter. Montag A & Associates Inc. raised its holdings in shares of Invesco QQQ by 9.3% in the 1st quarter. Montag A & Associates Inc. now owns 6,343 shares of the exchange traded fund’s stock valued at $2,979,000 after acquiring an additional 541 shares in the last quarter. Finally, Atlantic Union Bankshares Corp raised its holdings in shares of Invesco QQQ by 12.0% in the 1st quarter. Atlantic Union Bankshares Corp now owns 1,461 shares of the exchange traded fund’s stock valued at $685,000 after acquiring an additional 156 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.9%

Shares of QQQ opened at $603.66 on Tuesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The stock has a 50-day moving average price of $606.35 and a 200-day moving average price of $566.68.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were paid a $0.694 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. This is a boost 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.