Invesco QQQ $QQQ Shares Sold by Vivid Wealth Management LLC

Vivid Wealth Management LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.0% in the third quarter, HoldingsChannel.com reports. The firm owned 29,518 shares of the exchange traded fund’s stock after selling 898 shares during the period. Invesco QQQ comprises 7.0% of Vivid Wealth Management LLC’s holdings, making the stock its 3rd largest position. Vivid Wealth Management LLC’s holdings in Invesco QQQ were worth $17,722,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of QQQ. Morgan Dempsey Capital Management LLC bought a new stake in shares of Invesco QQQ during the second quarter worth about $30,000. Navigoe LLC boosted its stake in Invesco QQQ by 300.0% during the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 45 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ during the 2nd quarter valued at about $41,000. PayPay Securities Corp increased its holdings in Invesco QQQ by 78.9% during the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 30 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the third quarter worth approximately $42,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.1%

Shares of NASDAQ:QQQ opened at $627.17 on Tuesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The business’s 50 day moving average is $615.90 and its 200 day moving average is $594.02.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were issued a dividend of $0.7941 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69.

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.