Invesco QQQ $QQQ Stock Position Lessened by Dogwood Wealth Management LLC

Dogwood Wealth Management LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 95.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 661 shares of the exchange traded fund’s stock after selling 15,291 shares during the quarter. Dogwood Wealth Management LLC’s holdings in Invesco QQQ were worth $365,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Marshall & Sullivan Inc. WA acquired a new stake in Invesco QQQ in the second quarter worth approximately $41,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ in the 1st quarter worth $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ in the first quarter valued at $51,000. Blume Capital Management Inc. boosted its stake in Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC boosted its stake in 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 valued at $58,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.5%

Shares of Invesco QQQ stock opened at $603.25 on Thursday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $603.79. The company’s 50-day moving average price is $578.30 and its two-hundred day moving average price is $530.08.

Invesco QQQ Increases Dividend

The firm 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 dividend of $0.694 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend 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.