Invesco QQQ $QQQ Shares Sold by Bailard Inc.

Bailard Inc. trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 4.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,279 shares of the exchange traded fund’s stock after selling 4,155 shares during the period. Invesco QQQ makes up about 1.1% of Bailard Inc.’s holdings, making the stock its 20th biggest position. Bailard Inc.’s holdings in Invesco QQQ were worth $48,698,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Kelleher Financial Advisors grew its holdings in Invesco QQQ by 8.5% during the second quarter. Kelleher Financial Advisors now owns 6,503 shares of the exchange traded fund’s stock worth $3,588,000 after acquiring an additional 507 shares during the period. Comprehensive Financial Planning Inc. PA boosted its position in Invesco QQQ by 6.4% during the second quarter. Comprehensive Financial Planning Inc. PA now owns 3,462 shares of the exchange traded fund’s stock worth $1,910,000 after purchasing an additional 209 shares in the last quarter. Wealth Alliance LLC boosted its position in Invesco QQQ by 5.7% during the second quarter. Wealth Alliance LLC now owns 1,659 shares of the exchange traded fund’s stock worth $915,000 after purchasing an additional 89 shares in the last quarter. Bouchey Financial Group Ltd raised its stake in shares of Invesco QQQ by 0.4% during the 2nd quarter. Bouchey Financial Group Ltd now owns 380,017 shares of the exchange traded fund’s stock worth $209,687,000 after buying an additional 1,405 shares during the last quarter. Finally, Apex Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the 2nd quarter worth about $1,262,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $621.57 on Wednesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The firm has a 50-day moving average price of $603.52 and a two-hundred day moving average price of $562.90.

Invesco QQQ Increases Dividend

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

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.