CW Advisors LLC Sells 44,753 Shares of Invesco QQQ $QQQ

CW Advisors LLC reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 57.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,593 shares of the exchange traded fund’s stock after selling 44,753 shares during the quarter. CW Advisors LLC’s holdings in Invesco QQQ were worth $18,531,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Morgan Dempsey Capital Management LLC bought a new position in Invesco QQQ in the second quarter valued at approximately $30,000. Marshall & Sullivan Inc. WA bought a new stake in Invesco QQQ in the 2nd quarter valued at $41,000. Moser Wealth Advisors LLC boosted its stake in Invesco QQQ by 930.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 93 shares during the period. Atlantic Private Wealth LLC increased its holdings in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares in the last quarter. Finally, Ransom Advisory Ltd acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at about $70,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $623.52 on Thursday. The stock’s 50-day moving average is $610.36 and its 200-day moving average is $575.29. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

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

Invesco QQQ Company 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.