Crown Wealth Group LLC Reduces Holdings in Invesco QQQ $QQQ

Crown Wealth Group LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 64.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 851 shares of the exchange traded fund’s stock after selling 1,573 shares during the period. Crown Wealth Group LLC’s holdings in Invesco QQQ were worth $469,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Owen LaRue LLC grew its holdings in Invesco QQQ by 1.9% during the 2nd quarter. Owen LaRue LLC now owns 20,898 shares of the exchange traded fund’s stock valued at $11,528,000 after buying an additional 387 shares during the last quarter. Holland Advisory Services Inc. grew its stake in Invesco QQQ by 10.3% in the second quarter. Holland Advisory Services Inc. now owns 1,075 shares of the exchange traded fund’s stock worth $593,000 after purchasing an additional 100 shares in the last quarter. Fischer Financial Services Inc. raised its holdings in shares of Invesco QQQ by 0.3% during the second quarter. Fischer Financial Services Inc. now owns 28,867 shares of the exchange traded fund’s stock valued at $15,863,000 after buying an additional 85 shares during the last quarter. Brave Asset Management Inc. bought a new stake in Invesco QQQ during the second quarter worth approximately $498,000. Finally, MBE Wealth Management LLC lifted its position in shares of Invesco QQQ by 2.3% during the 2nd quarter. MBE Wealth Management LLC now owns 50,872 shares of the exchange traded fund’s stock valued at $28,063,000 after acquiring an additional 1,135 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $595.97 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $602.87. The company’s fifty day moving average is $576.04 and its two-hundred day moving average is $527.48.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd.

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.