Invesco QQQ (NASDAQ:QQQ) Stake Trimmed by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,453 shares of the exchange traded fund’s stock after selling 430 shares during the quarter. Invesco QQQ comprises about 1.3% of Greenwich Wealth Management LLC’s portfolio, making the stock its 8th biggest holding. Greenwich Wealth Management LLC’s holdings in Invesco QQQ were worth $17,944,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. New Covenant Trust Company N.A. purchased a new stake in Invesco QQQ in the 1st quarter valued at $28,000. Deane Retirement Strategies Inc. purchased a new stake in shares of Invesco QQQ in the first quarter valued at about $29,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ during the second quarter worth about $30,000. Legacy Bridge LLC boosted its holdings in Invesco QQQ by 800.0% in the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $35,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.4 %

QQQ opened at $475.34 on Monday. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The business’s 50 day moving average price is $470.09 and its 200 day moving average price is $457.36.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were paid a $0.7615 dividend. This represents a $3.05 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.

Invesco QQQ 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.