Berkshire Money Management Inc. Sells 19,847 Shares of Invesco QQQ $QQQ

Berkshire Money Management Inc. cut its stake in Invesco QQQ (NASDAQ:QQQ) by 13.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,909 shares of the exchange traded fund’s stock after selling 19,847 shares during the quarter. Invesco QQQ makes up approximately 7.6% of Berkshire Money Management Inc.’s investment portfolio, making the stock its 3rd largest position. Berkshire Money Management Inc.’s holdings in Invesco QQQ were worth $72,215,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall & Sullivan Inc. WA purchased a new stake in Invesco QQQ during the second quarter worth $41,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ in the first quarter worth about $50,000. Westend Capital Management LLC purchased a new stake in shares of Invesco QQQ during the 1st quarter worth about $51,000. Blume Capital Management Inc. grew its position in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC increased its stake in shares of 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 valued at $58,000 after purchasing an additional 120 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.8%

Shares of QQQ stock opened at $607.71 on Tuesday. The business’s 50 day moving average is $580.65 and its two-hundred day moving average is $533.42. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $609.36.

Invesco QQQ Increases Dividend

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