Foguth Wealth Management LLC. Sells 15,382 Shares of Invesco QQQ (NASDAQ:QQQ)

Foguth Wealth Management LLC. reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 52.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,047 shares of the exchange traded fund’s stock after selling 15,382 shares during the period. Invesco QQQ makes up approximately 3.0% of Foguth Wealth Management LLC.’s portfolio, making the stock its 10th largest position. Foguth Wealth Management LLC.’s holdings in Invesco QQQ were worth $6,730,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Atwater Malick LLC acquired a new position in Invesco QQQ during the first quarter worth about $293,000. Westwood Holdings Group Inc. increased its stake in Invesco QQQ by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after purchasing an additional 1,993 shares in the last quarter. Aviance Capital Partners LLC raised its holdings in Invesco QQQ by 29.7% during the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock worth $1,848,000 after purchasing an additional 1,033 shares during the last quarter. GenWealth Group Inc. raised its holdings in Invesco QQQ by 5.8% during the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after purchasing an additional 2,325 shares during the last quarter. Finally, Fiera Capital Corp boosted its position in Invesco QQQ by 1.7% during the fourth quarter. Fiera Capital Corp now owns 656,835 shares of the exchange traded fund’s stock worth $268,987,000 after purchasing an additional 11,013 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.5 %

Shares of QQQ stock traded up $11.20 during mid-day trading on Tuesday, reaching $462.58. The stock had a trading volume of 39,714,689 shares, compared to its average volume of 41,106,617. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The business has a 50-day simple moving average of $473.92 and a 200 day simple moving average of $450.94.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were issued a dividend of $0.7615 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.66%. The ex-dividend date was Monday, June 24th.

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.