Invesco QQQ (NASDAQ:QQQ) Stock Position Lessened by New Perspectives Inc

New Perspectives Inc trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,788 shares of the exchange traded fund’s stock after selling 1,281 shares during the period. Invesco QQQ comprises approximately 16.1% of New Perspectives Inc’s holdings, making the stock its 2nd biggest holding. New Perspectives Inc’s holdings in Invesco QQQ were worth $30,082,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its position in shares of Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after acquiring an additional 28,263,426 shares during the last quarter. Global Assets Advisory LLC purchased a new position in Invesco QQQ during the first quarter worth approximately $1,580,776,000. Steel Grove Capital Advisors LLC boosted its holdings in shares of Invesco QQQ by 934.0% in the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after purchasing an additional 3,102,568 shares during the last quarter. Granite Bay Wealth Management LLC grew its stake in shares of Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after buying an additional 894,532 shares during the period. Finally, Harvard Management Co. Inc. acquired a new stake in shares of Invesco QQQ during the 1st quarter worth $304,591,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 2.5 %

Shares of QQQ traded up $11.69 during trading hours on Thursday, hitting $474.42. The stock had a trading volume of 37,745,657 shares, compared to its average volume of 41,047,605. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The company’s fifty day simple moving average is $473.90 and its 200 day simple moving average is $451.02.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were issued a dividend of $0.7615 per share. The ex-dividend date was Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.64%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57.

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.