Heritage Wealth Advisors Sells 554 Shares of Invesco QQQ $QQQ

Heritage Wealth Advisors trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 25.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,598 shares of the exchange traded fund’s stock after selling 554 shares during the quarter. Heritage Wealth Advisors’ holdings in Invesco QQQ were worth $882,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in 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 acquiring an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of 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 purchasing an additional 176 shares during the period. Wealth Group Ltd. raised its position in shares of Invesco QQQ by 305.2% during the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after purchasing an additional 4,835 shares during the period. Obermeyer Wealth Partners lifted its holdings in shares of Invesco QQQ by 3.6% during the 1st quarter. Obermeyer Wealth Partners now owns 37,362 shares of the exchange traded fund’s stock valued at $17,520,000 after purchasing an additional 1,291 shares in the last quarter. Finally, Ignite Planners LLC grew its position in shares of Invesco QQQ by 85.3% in the 1st quarter. Ignite Planners LLC now owns 7,989 shares of the exchange traded fund’s stock valued at $3,848,000 after purchasing an additional 3,677 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $596.31 on Wednesday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01. The company’s 50 day moving average price is $606.67 and its two-hundred day moving average price is $567.44.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were given a $0.694 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

About Invesco QQQ

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.