Baltimore Washington Financial Advisors Inc. Sells 20,400 Shares of Invesco QQQ $QQQ

Baltimore Washington Financial Advisors Inc. reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 10.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,809 shares of the exchange traded fund’s stock after selling 20,400 shares during the quarter. Invesco QQQ accounts for 4.4% of Baltimore Washington Financial Advisors Inc.’s holdings, making the stock its 2nd biggest position. Baltimore Washington Financial Advisors Inc.’s holdings in Invesco QQQ were worth $94,777,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in QQQ. GSG Advisors LLC grew its position 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 purchasing an additional 585 shares in the last quarter. Amundi boosted its stake 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 buying an additional 6,600 shares during the period. Greykasell Wealth Strategies Inc. grew 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 acquiring an additional 605 shares in the last quarter. Banco Santander S.A. increased its stake 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 acquiring an additional 37,605 shares during the last quarter. Finally, BCGM Wealth Management LLC raised its holdings in shares of Invesco QQQ by 13.6% during the second quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock worth $14,120,000 after acquiring an additional 3,066 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $614.27 on Thursday. The business’s 50-day moving average price is $608.26 and its two-hundred day moving average price is $571.70. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were paid a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a dividend 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.

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.