Invesco QQQ $QQQ Shares Sold by Willner & Heller LLC

Willner & Heller LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 3.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,730 shares of the exchange traded fund’s stock after selling 102 shares during the period. Invesco QQQ accounts for approximately 1.3% of Willner & Heller LLC’s portfolio, making the stock its 16th biggest position. Willner & Heller LLC’s holdings in Invesco QQQ were worth $1,506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Compass Financial Services Inc grew its position 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 purchasing an additional 19 shares during the last quarter. Vermillion Wealth Management Inc. boosted its stake in shares of Invesco QQQ by 4.2% in the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock valued at $271,000 after buying an additional 20 shares in the last quarter. Barrett & Company Inc. grew its holdings in Invesco QQQ by 14.9% during the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock worth $85,000 after acquiring an additional 20 shares during the period. MTM Investment Management LLC raised its position in Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock worth $613,000 after acquiring an additional 21 shares in the last quarter. Finally, Cutler Investment Counsel LLC lifted its holdings in Invesco QQQ by 1.4% in the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock valued at $710,000 after acquiring an additional 21 shares during the period. 44.58% of the stock is 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 one year low of $402.39 and a one year high of $607.33. The company’s fifty day moving average is $579.85 and its two-hundred day moving average is $532.54.

Invesco QQQ Increases Dividend

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

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.