Dodds Wealth LLC Has $641,000 Stock Position in Invesco QQQ (NASDAQ:QQQ)

Dodds Wealth LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.7% in the second quarter, Holdings Channel reports. The firm owned 1,287 shares of the exchange traded fund’s stock after selling 50 shares during the quarter. Dodds Wealth LLC’s holdings in Invesco QQQ were worth $641,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares in the last quarter. Global Assets Advisory LLC acquired a new position in Invesco QQQ during the first quarter valued at approximately $1,580,776,000. Steel Grove Capital Advisors LLC grew its stake in Invesco QQQ by 934.0% in the first 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 in the last quarter. Granite Bay Wealth Management LLC increased its position 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 worth $409,513,000 after purchasing an additional 894,532 shares during the last quarter. Finally, Harvard Management Co. Inc. bought a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $304,591,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.1 %

Shares of NASDAQ QQQ traded up $5.15 during trading hours on Friday, hitting $480.00. The company had a trading volume of 36,061,508 shares, compared to its average volume of 40,708,035. The firm’s 50 day moving average is $475.08 and its 200-day moving average is $453.62. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were issued a $0.7615 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.63%. 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.