Joule Financial LLC Sells 7,141 Shares of Invesco QQQ $QQQ

Joule Financial LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 94.1% in the third quarter, HoldingsChannel reports. The fund owned 450 shares of the exchange traded fund’s stock after selling 7,141 shares during the period. Joule Financial LLC’s holdings in Invesco QQQ were worth $270,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Morgan Dempsey Capital Management LLC purchased a new position in shares of Invesco QQQ in the second quarter worth $30,000. Navigoe LLC raised its stake in shares of Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 45 shares during the last quarter. PayPay Securities Corp boosted its holdings in shares of Invesco QQQ by 78.9% during the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 30 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Invesco QQQ in the third quarter worth about $42,000. Finally, Moser Wealth Advisors LLC increased its holdings in Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 93 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.3%

QQQ opened at $633.22 on Thursday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The business has a 50 day simple moving average of $618.32 and a two-hundred day simple moving average of $599.58.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a $0.7941 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%.

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.