RPg Family Wealth Advisory LLC Sells 37 Shares of Invesco QQQ (NASDAQ:QQQ)

RPg Family Wealth Advisory LLC cut its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,508 shares of the exchange traded fund’s stock after selling 37 shares during the period. RPg Family Wealth Advisory LLC’s holdings in Invesco QQQ were worth $724,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Alliance lifted its stake in shares of Invesco QQQ by 2.8% in the 2nd quarter. Wealth Alliance now owns 1,324 shares of the exchange traded fund’s stock valued at $634,000 after purchasing an additional 36 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its stake in shares of Invesco QQQ by 4.4% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 17,390 shares of the exchange traded fund’s stock valued at $8,332,000 after purchasing an additional 728 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of Invesco QQQ by 5.2% in the 2nd quarter. Axxcess Wealth Management LLC now owns 64,136 shares of the exchange traded fund’s stock valued at $30,728,000 after purchasing an additional 3,156 shares during the last quarter. Fairway Wealth LLC lifted its stake in shares of Invesco QQQ by 65.9% in the 2nd quarter. Fairway Wealth LLC now owns 8,628 shares of the exchange traded fund’s stock valued at $4,134,000 after purchasing an additional 3,428 shares during the last quarter. Finally, Perennial Investment Advisors LLC lifted its stake in shares of Invesco QQQ by 11.3% in the 2nd quarter. Perennial Investment Advisors LLC now owns 15,206 shares of the exchange traded fund’s stock valued at $7,285,000 after purchasing an additional 1,542 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.1 %

NASDAQ:QQQ opened at $473.49 on Wednesday. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The business has a 50 day simple moving average of $469.12 and a 200-day simple moving average of $457.79.

Invesco QQQ Increases Dividend

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

Invesco QQQ Company 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.