McCollum Christoferson Group LLC Sells 185 Shares of Invesco QQQ (NASDAQ:QQQ)

McCollum Christoferson Group LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 12.0% during the second quarter, HoldingsChannel.com reports. The firm owned 1,355 shares of the exchange traded fund’s stock after selling 185 shares during the quarter. McCollum Christoferson Group LLC’s holdings in Invesco QQQ were worth $649,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Atwater Malick LLC acquired a new position in Invesco QQQ during the 1st quarter valued at about $293,000. Westwood Holdings Group Inc. raised its position in shares of 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 acquiring an additional 1,993 shares during the period. Aviance Capital Partners LLC raised its position in shares of Invesco QQQ by 29.7% in the 4th quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock valued at $1,848,000 after acquiring an additional 1,033 shares during the period. GenWealth Group Inc. raised its position in shares of Invesco QQQ by 5.8% in the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after acquiring an additional 2,325 shares during the period. Finally, Fiera Capital Corp raised its position in shares of Invesco QQQ by 1.7% in the 4th quarter. Fiera Capital Corp now owns 656,835 shares of the exchange traded fund’s stock valued at $268,987,000 after acquiring an additional 11,013 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ traded up $5.61 during mid-day trading on Friday, reaching $476.27. The stock had a trading volume of 33,466,473 shares, compared to its average volume of 40,489,914. The firm has a 50 day simple moving average of $474.15 and a two-hundred day simple moving average of $454.86. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Increases Dividend

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