SPC Financial Inc. Sells 220 Shares of Invesco QQQ $QQQ

SPC Financial Inc. trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,386 shares of the exchange traded fund’s stock after selling 220 shares during the period. SPC Financial Inc.’s holdings in Invesco QQQ were worth $7,936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. Brighton Jones LLC grew its holdings in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after purchasing an additional 4,989 shares during the period. Revolve Wealth Partners LLC grew its holdings in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares during the period. Wealth Group Ltd. grew its holdings in Invesco QQQ by 305.2% during the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after purchasing an additional 4,835 shares during the period. GAMMA Investing LLC grew its holdings in Invesco QQQ by 19.2% during the first quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund’s stock valued at $1,872,000 after purchasing an additional 643 shares during the period. Finally, American Institute for Advanced Investment Management LLP grew its holdings in Invesco QQQ by 22.3% during the first quarter. American Institute for Advanced Investment Management LLP now owns 1,315 shares of the exchange traded fund’s stock valued at $617,000 after purchasing an additional 240 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 3.5%

Shares of NASDAQ QQQ opened at $589.55 on Monday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18. The stock has a fifty day moving average of $583.89 and a 200-day moving average of $536.68.

Invesco QQQ Increases Dividend

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

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.