Invesco QQQ $QQQ Stock Position Trimmed by Balanced Wealth Group LLC

Balanced Wealth Group LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,422 shares of the exchange traded fund’s stock after selling 1,353 shares during the period. Invesco QQQ makes up approximately 11.6% of Balanced Wealth Group LLC’s holdings, making the stock its 2nd largest holding. Balanced Wealth Group LLC’s holdings in Invesco QQQ were worth $26,794,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC boosted its stake in shares of Invesco QQQ by 704,593.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after purchasing an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. raised its holdings in Invesco QQQ by 959.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock valued at $11,300,023,000 after buying an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. bought a new stake in Invesco QQQ during the 1st quarter valued at $2,775,904,000. Symphony Financial Ltd. Co. purchased a new stake in Invesco QQQ during the 2nd quarter valued at $1,236,482,000. Finally, JPMorgan Chase & Co. grew its holdings in Invesco QQQ by 42.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after acquiring an additional 1,457,109 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.8%

NASDAQ QQQ opened at $619.29 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01. The stock has a 50 day simple moving average of $609.04 and a two-hundred day simple moving average of $572.77.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were paid a dividend of $0.694 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was 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.