Invesco QQQ (NASDAQ:QQQ) Stock Holdings Reduced by LJI Wealth Management LLC

LJI Wealth Management LLC cut its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,065 shares of the exchange traded fund’s stock after selling 78 shares during the period. Invesco QQQ accounts for about 3.0% of LJI Wealth Management LLC’s investment portfolio, making the stock its 7th largest position. LJI Wealth Management LLC’s holdings in Invesco QQQ were worth $13,446,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ during the first quarter worth $28,000. Deane Retirement Strategies Inc. bought a new position in shares of Invesco QQQ in the 1st quarter valued at approximately $29,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ in the 2nd quarter worth approximately $30,000. Legacy Bridge LLC boosted its position in Invesco QQQ by 800.0% during the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 64 shares during the period. Finally, Voisard Asset Management Group Inc. acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $35,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $471.44 on Thursday. The firm has a fifty day simple moving average of $468.49 and a 200-day simple moving average of $457.89. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Increases Dividend

The company also recently declared 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 represents a $3.05 dividend on an annualized basis and a yield of 0.65%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Monday, June 24th.

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.