White Wing Wealth Management Sells 983 Shares of Invesco QQQ $QQQ

White Wing Wealth Management trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,603 shares of the exchange traded fund’s stock after selling 983 shares during the quarter. Invesco QQQ comprises approximately 8.5% of White Wing Wealth Management’s portfolio, making the stock its 5th biggest position. White Wing Wealth Management’s holdings in Invesco QQQ were worth $13,635,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in QQQ. Morgan Dempsey Capital Management LLC acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at $30,000. Navigoe LLC raised 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 worth $36,000 after acquiring an additional 45 shares in the last quarter. PayPay Securities Corp lifted its position in Invesco QQQ by 78.9% in the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 30 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Invesco QQQ in the third quarter valued at $42,000. Finally, Moser Wealth Advisors LLC boosted its stake in Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 93 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.3%

Shares of QQQ stock opened at $622.72 on Monday. The stock’s 50-day moving average is $616.52 and its two-hundred day moving average is $598.31. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Increases Dividend

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

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.