Invesco QQQ $QQQ is Claro Advisors LLC’s 9th Largest Position

Claro Advisors LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,360 shares of the exchange traded fund’s stock after selling 1,121 shares during the period. Invesco QQQ accounts for 2.2% of Claro Advisors LLC’s investment portfolio, making the stock its 9th biggest holding. Claro Advisors LLC’s holdings in Invesco QQQ were worth $13,438,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in QQQ. Morgan Dempsey Capital Management LLC acquired a new position in Invesco QQQ during the second quarter valued at $30,000. Marshall & Sullivan Inc. WA acquired a new stake in Invesco QQQ during the 2nd quarter worth about $41,000. Moser Wealth Advisors LLC grew its stake in Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 93 shares in the last quarter. Blume Capital Management Inc. increased its holdings in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC lifted its position in shares of Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ stock opened at $619.25 on Wednesday. The firm has a 50 day simple moving average of $598.87 and a 200 day simple moving average of $557.15. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were issued a dividend of $0.694 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.4%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.