Invesco QQQ $QQQ Shares Sold by High Note Wealth LLC

High Note Wealth LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 43.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,734 shares of the exchange traded fund’s stock after selling 7,468 shares during the period. Invesco QQQ accounts for about 1.2% of High Note Wealth LLC’s holdings, making the stock its 24th biggest holding. High Note Wealth LLC’s holdings in Invesco QQQ were worth $5,370,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Compass Financial Services Inc lifted its holdings in Invesco QQQ by 0.4% during the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock worth $2,345,000 after buying an additional 19 shares during the last quarter. Vermillion Wealth Management Inc. lifted its holdings in Invesco QQQ by 4.2% during the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock worth $271,000 after buying an additional 20 shares during the last quarter. Barrett & Company Inc. lifted its holdings in Invesco QQQ by 14.9% during the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock worth $85,000 after buying an additional 20 shares during the last quarter. MTM Investment Management LLC lifted its holdings in shares of Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock worth $613,000 after purchasing an additional 21 shares during the last quarter. Finally, Cutler Investment Counsel LLC lifted its holdings in shares of Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock worth $710,000 after purchasing an additional 21 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $611.44 on Thursday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $611.75. The stock’s 50 day simple moving average is $582.26 and its 200 day simple moving average is $534.45.

Invesco QQQ Increases Dividend

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

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.