Invesco QQQ (NASDAQ:QQQ) Shares Sold by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC cut its stake in Invesco QQQ (NASDAQ:QQQ) by 6.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,124 shares of the exchange traded fund’s stock after selling 2,760 shares during the period. Invesco QQQ makes up 1.4% of Foster Victor Wealth Advisors LLC’s investment portfolio, making the stock its 16th largest position. Foster Victor Wealth Advisors LLC’s holdings in Invesco QQQ were worth $18,426,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ during the first quarter valued at approximately $28,000. Deane Retirement Strategies Inc. purchased a new stake in Invesco QQQ during the 1st quarter worth $29,000. Legacy Bridge LLC boosted its position in Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 64 shares during the period. Voisard Asset Management Group Inc. acquired a new stake in Invesco QQQ in the 4th quarter valued at $35,000. Finally, Red Tortoise LLC raised its position in Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.1 %

NASDAQ:QQQ traded up $0.61 during trading hours on Friday, hitting $475.03. The stock had a trading volume of 38,383,623 shares, compared to its average volume of 41,031,074. The business has a 50 day simple moving average of $474.36 and a two-hundred day simple moving average of $451.69. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were paid a dividend of $0.7615 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Monday, June 24th.

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.