Commonwealth Financial Services LLC Sells 2,153 Shares of Invesco QQQ $QQQ

Commonwealth Financial Services LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,852 shares of the exchange traded fund’s stock after selling 2,153 shares during the period. Invesco QQQ comprises 5.7% of Commonwealth Financial Services LLC’s holdings, making the stock its 3rd largest holding. Commonwealth Financial Services LLC’s holdings in Invesco QQQ were worth $29,707,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $41,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $51,000. Blume Capital Management Inc. lifted its holdings in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC lifted its holdings in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 120 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 3.5%

Shares of Invesco QQQ stock opened at $589.55 on Monday. The company has a 50 day moving average of $583.89 and a 200-day moving average of $536.68. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $613.18.

Invesco QQQ Increases Dividend

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

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.