Sierra Summit Advisors LLC Sells 647 Shares of Invesco QQQ $QQQ

Sierra Summit Advisors LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 11.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,952 shares of the exchange traded fund’s stock after selling 647 shares during the period. Sierra Summit Advisors LLC’s holdings in Invesco QQQ were worth $2,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Brighton Jones LLC lifted its position in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after buying an additional 176 shares during the period. Wealth Group Ltd. lifted its holdings in Invesco QQQ by 305.2% during the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after buying an additional 4,835 shares in the last quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD boosted its position in Invesco QQQ by 8.3% in the 1st quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 259,123 shares of the exchange traded fund’s stock valued at $121,628,000 after buying an additional 19,779 shares during the period. Finally, Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD boosted its position in Invesco QQQ by 8.7% in the 1st quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD now owns 83,318 shares of the exchange traded fund’s stock valued at $39,108,000 after buying an additional 6,699 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.8%

Shares of NASDAQ:QQQ opened at $590.07 on Friday. The firm’s 50 day simple moving average is $607.15 and its 200-day simple moving average is $569.13. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

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

Invesco QQQ 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.