AGP Franklin LLC Cuts Holdings in Invesco QQQ $QQQ

AGP Franklin LLC decreased its stake in Invesco QQQ (NASDAQ:QQQ) by 48.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,725 shares of the exchange traded fund’s stock after selling 1,641 shares during the period. AGP Franklin LLC’s holdings in Invesco QQQ were worth $951,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in QQQ. GSG Advisors LLC grew its stake in Invesco QQQ by 8.2% during the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock valued at $3,600,000 after acquiring an additional 585 shares in the last quarter. Amundi boosted its holdings in shares of Invesco QQQ by 6.3% during the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after purchasing an additional 6,600 shares during the last quarter. Greykasell Wealth Strategies Inc. boosted its holdings in shares of Invesco QQQ by 8.4% during the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock valued at $3,649,000 after purchasing an additional 605 shares during the last quarter. AM Investment Strategies LLC grew its position in shares of Invesco QQQ by 46.5% during the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock valued at $904,000 after purchasing an additional 612 shares in the last quarter. Finally, Banco Santander S.A. increased its holdings in shares of Invesco QQQ by 100.2% in the first quarter. Banco Santander S.A. now owns 75,125 shares of the exchange traded fund’s stock worth $35,228,000 after purchasing an additional 37,605 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.8%

NASDAQ:QQQ opened at $590.07 on Friday. The business’s 50-day moving average is $607.15 and its 200 day moving average is $568.52. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were paid a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.