Invesco QQQ (NASDAQ:QQQ) is Mine & Arao Wealth Creation & Management LLC.’s Largest Position

Mine & Arao Wealth Creation & Management LLC. lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.8% in the second quarter, Holdings Channel reports. The institutional investor owned 86,021 shares of the exchange traded fund’s stock after selling 658 shares during the period. Invesco QQQ accounts for approximately 20.1% of Mine & Arao Wealth Creation & Management LLC.’s portfolio, making the stock its biggest position. Mine & Arao Wealth Creation & Management LLC.’s holdings in Invesco QQQ were worth $41,214,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Global Assets Advisory LLC purchased a new position in Invesco QQQ in the 1st quarter worth approximately $1,580,776,000. Steel Grove Capital Advisors LLC lifted its holdings in shares of Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after purchasing an additional 3,102,568 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Invesco QQQ by 2.6% during the second quarter. Commonwealth Equity Services LLC now owns 2,544,540 shares of the exchange traded fund’s stock valued at $1,219,115,000 after purchasing an additional 64,401 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Invesco QQQ by 10.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,241,509 shares of the exchange traded fund’s stock valued at $1,073,929,000 after buying an additional 206,608 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp increased its holdings in Invesco QQQ by 30.7% in the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after buying an additional 433,317 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ traded down $12.35 during mid-day trading on Friday, reaching $448.69. The company’s stock had a trading volume of 50,624,385 shares, compared to its average volume of 40,492,672. The firm’s fifty day moving average price is $472.43 and its two-hundred day moving average price is $455.91. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were issued a dividend of $0.7615 per share. This represents a $3.05 annualized dividend and a dividend yield of 0.68%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th.

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.