Global Wealth Strategies & Associates Sells 150 Shares of Invesco QQQ $QQQ

Global Wealth Strategies & Associates lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,750 shares of the exchange traded fund’s stock after selling 150 shares during the period. Invesco QQQ accounts for approximately 0.7% of Global Wealth Strategies & Associates’ investment portfolio, making the stock its 18th biggest holding. Global Wealth Strategies & Associates’ holdings in Invesco QQQ were worth $2,620,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in QQQ. Brighton Jones LLC increased its stake in shares of Invesco QQQ by 15.0% during 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 increased its stake in 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 worth $2,687,000 after acquiring an additional 176 shares during the period. Triumph Capital Management increased its stake in Invesco QQQ by 1.8% during the 4th quarter. Triumph Capital Management now owns 8,753 shares of the exchange traded fund’s stock worth $4,475,000 after acquiring an additional 154 shares during the period. Nuveen Asset Management LLC bought a new position in Invesco QQQ during the 4th quarter worth $11,247,000. Finally, Pathstone Holdings LLC increased its stake in Invesco QQQ by 118.0% during the 4th quarter. Pathstone Holdings LLC now owns 18,890 shares of the exchange traded fund’s stock worth $9,658,000 after acquiring an additional 124,010 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $586.66 on Friday. The stock’s fifty day moving average price is $568.24 and its two-hundred day moving average price is $520.54. Invesco QQQ has a one year low of $402.39 and a one year high of $587.86.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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.