Canal Capital Management LLC Lowers Stock Holdings in Invesco QQQ $QQQ

Canal Capital Management LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 52.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,246 shares of the exchange traded fund’s stock after selling 10,049 shares during the period. Canal Capital Management LLC’s holdings in Invesco QQQ were worth $5,101,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of QQQ. Base Wealth Management LLC boosted its stake in shares of Invesco QQQ by 12.5% in the second quarter. Base Wealth Management LLC now owns 15,681 shares of the exchange traded fund’s stock worth $8,650,000 after acquiring an additional 1,742 shares during the period. Valeo Financial Advisors LLC lifted its holdings in Invesco QQQ by 251.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 180,447 shares of the exchange traded fund’s stock worth $99,542,000 after purchasing an additional 129,174 shares in the last quarter. Milestones Private Investment Advisors LLC bought a new position in Invesco QQQ in the 2nd quarter worth approximately $1,196,000. NWF Advisory Services Inc. boosted its stake in Invesco QQQ by 17.0% in the 2nd quarter. NWF Advisory Services Inc. now owns 16,344 shares of the exchange traded fund’s stock worth $9,017,000 after purchasing an additional 2,370 shares during the period. Finally, Prospera Capital Management LLC grew its holdings in Invesco QQQ by 11.4% during the 2nd quarter. Prospera Capital Management LLC now owns 4,884 shares of the exchange traded fund’s stock valued at $2,697,000 after buying an additional 500 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $613.62 on Monday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The company’s fifty day moving average price is $613.64 and its 200-day moving average price is $581.01.

Invesco QQQ Increases Dividend

The business also recently declared 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 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, September 22nd. This is an increase 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.