Invesco QQQ $QQQ Holdings Decreased by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 37.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,597 shares of the exchange traded fund’s stock after selling 43,439 shares during the quarter. Invesco QQQ accounts for approximately 2.1% of Ameritas Advisory Services LLC’s holdings, making the stock its 5th biggest position. Ameritas Advisory Services LLC’s holdings in Invesco QQQ were worth $39,496,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of QQQ. Brighton Jones LLC grew its holdings 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 valued at $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in 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 valued at $2,687,000 after purchasing an additional 176 shares during the last quarter. Beacon Financial Group boosted its position in Invesco QQQ by 9.0% during the first quarter. Beacon Financial Group now owns 1,219 shares of the exchange traded fund’s stock valued at $571,000 after purchasing an additional 101 shares during the last quarter. Naples Global Advisors LLC boosted its position in Invesco QQQ by 8.8% during the first quarter. Naples Global Advisors LLC now owns 3,904 shares of the exchange traded fund’s stock valued at $1,833,000 after purchasing an additional 315 shares during the last quarter. Finally, Wealth Group Ltd. boosted its position in Invesco QQQ by 305.2% during the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after purchasing an additional 4,835 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $603.18 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $607.33. The stock has a fifty day moving average price of $579.85 and a 200 day moving average price of $531.81.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%.

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.