Sound View Wealth Advisors Group LLC Decreases Stock Holdings in Invesco QQQ $QQQ

Sound View Wealth Advisors Group LLC decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,150 shares of the exchange traded fund’s stock after selling 203 shares during the period. Invesco QQQ comprises 1.2% of Sound View Wealth Advisors Group LLC’s portfolio, making the stock its 21st largest holding. Sound View Wealth Advisors Group LLC’s holdings in Invesco QQQ were worth $16,632,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. GSG Advisors LLC raised its position in Invesco QQQ by 8.2% in the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock worth $3,600,000 after acquiring an additional 585 shares during the period. Amundi lifted its position in shares of Invesco QQQ by 6.3% in the first quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after acquiring an additional 6,600 shares in the last quarter. Greykasell Wealth Strategies Inc. lifted its holdings in Invesco QQQ by 8.4% in the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock worth $3,649,000 after purchasing an additional 605 shares in the last quarter. AM Investment Strategies LLC boosted its position in shares of Invesco QQQ by 46.5% during the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock worth $904,000 after acquiring an additional 612 shares during the last quarter. Finally, Banco Santander S.A. boosted its holdings in shares of Invesco QQQ by 100.2% during the 1st quarter. Banco Santander S.A. now owns 75,125 shares of the exchange traded fund’s stock valued at $35,228,000 after purchasing an additional 37,605 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $609.74 on Friday. The business has a 50 day simple moving average of $601.34 and a two-hundred day simple moving average of $560.02. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were paid a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd. This is an increase 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.