Invesco QQQ $QQQ Shares Sold by Tandem Investment Partners LLC

Tandem Investment Partners LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 6.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,878 shares of the exchange traded fund’s stock after selling 389 shares during the quarter. Invesco QQQ accounts for approximately 2.8% of Tandem Investment Partners LLC’s holdings, making the stock its 11th largest holding. Tandem Investment Partners LLC’s holdings in Invesco QQQ were worth $3,243,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Marshall & Sullivan Inc. WA acquired a new stake in Invesco QQQ during the 2nd quarter valued at approximately $41,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ in the 1st quarter valued at about $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ during the first quarter valued at approximately $51,000. Blume Capital Management Inc. grew its stake in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC grew its position in shares of Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 120 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $603.18 on Monday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $607.33. The firm’s 50 day moving average is $579.85 and its two-hundred day moving average is $532.54.

Invesco QQQ Increases Dividend

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

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.