SOL Capital Management CO reduced its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 8.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 60,538 shares of the exchange traded fund’s stock after selling 5,380 shares during the period. Invesco QQQ Trust makes up approximately 3.1% of SOL Capital Management CO’s portfolio, making the stock its 4th biggest holding. SOL Capital Management CO’s holdings in Invesco QQQ Trust were worth $11,305,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Brio Consultants LLC boosted its holdings in Invesco QQQ Trust by 16.0% in the 2nd quarter. Brio Consultants LLC now owns 1,737 shares of the exchange traded fund’s stock worth $324,000 after buying an additional 239 shares during the last quarter. Winthrop Advisory Group LLC boosted its holdings in Invesco QQQ Trust by 0.7% in the 2nd quarter. Winthrop Advisory Group LLC now owns 21,347 shares of the exchange traded fund’s stock worth $3,986,000 after buying an additional 146 shares during the last quarter. Moseley Investment Management Inc. boosted its holdings in Invesco QQQ Trust by 17.8% in the 2nd quarter. Moseley Investment Management Inc. now owns 2,884 shares of the exchange traded fund’s stock worth $539,000 after buying an additional 435 shares during the last quarter. Larson Financial Group LLC acquired a new stake in Invesco QQQ Trust in the 2nd quarter worth about $29,000. Finally, Wealthstreet Investment Advisors LLC boosted its holdings in Invesco QQQ Trust by 2.5% in the 2nd quarter. Wealthstreet Investment Advisors LLC now owns 47,905 shares of the exchange traded fund’s stock worth $8,946,000 after buying an additional 1,153 shares during the last quarter. 39.48% of the stock is currently owned by institutional investors.
QQQ stock traded up $1.92 during trading on Friday, hitting $195.22. The stock had a trading volume of 1,133,130 shares, compared to its average volume of 20,530,220. Invesco QQQ Trust has a twelve month low of $143.46 and a twelve month high of $195.16. The business’s 50-day moving average price is $188.32.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, June 25th will be issued a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Monday, June 24th.
Invesco QQQ Trust 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.
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