Cora Capital Advisors LLC Lowers Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Cora Capital Advisors LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 2.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,954 shares of the exchange traded fund’s stock after selling 162 shares during the quarter. Invesco QQQ makes up about 1.5% of Cora Capital Advisors LLC’s investment portfolio, making the stock its 17th largest position. Cora Capital Advisors LLC’s holdings in Invesco QQQ were worth $2,853,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of QQQ. First Western Trust Bank purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $201,000. Vantage Financial Partners LLC increased its holdings in shares of Invesco QQQ by 68.0% in the 4th quarter. Vantage Financial Partners LLC now owns 29,550 shares of the exchange traded fund’s stock worth $12,101,000 after buying an additional 11,957 shares during the last quarter. Natixis Advisors L.P. raised its position in shares of Invesco QQQ by 17.4% during the 4th quarter. Natixis Advisors L.P. now owns 18,927 shares of the exchange traded fund’s stock valued at $7,751,000 after buying an additional 2,809 shares in the last quarter. Concentrum Wealth Management lifted its holdings in shares of Invesco QQQ by 15.4% in the 4th quarter. Concentrum Wealth Management now owns 14,662 shares of the exchange traded fund’s stock valued at $6,004,000 after acquiring an additional 1,962 shares during the last quarter. Finally, Rollins Financial raised its position in Invesco QQQ by 11.8% during the fourth quarter. Rollins Financial now owns 187,590 shares of the exchange traded fund’s stock valued at $76,822,000 after purchasing an additional 19,785 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.3 %

NASDAQ QQQ opened at $460.61 on Thursday. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52. The company has a fifty day moving average of $473.45 and a two-hundred day moving average of $455.75.

Invesco QQQ Increases Dividend

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

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.