Invesco QQQ (NASDAQ:QQQ) Shares Sold by Sugarloaf Wealth Management LLC

Sugarloaf Wealth Management LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 11.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,109 shares of the exchange traded fund’s stock after selling 1,049 shares during the quarter. Invesco QQQ makes up about 0.7% of Sugarloaf Wealth Management LLC’s portfolio, making the stock its 20th biggest holding. Sugarloaf Wealth Management LLC’s holdings in Invesco QQQ were worth $2,996,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC raised its holdings in Invesco QQQ by 156,045.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after buying an additional 43,463,232 shares during the period. Morgan Stanley raised its holdings in Invesco QQQ by 10.0% in the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after buying an additional 1,533,114 shares during the period. Envestnet Asset Management Inc. raised its holdings in Invesco QQQ by 3.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,761,075 shares of the exchange traded fund’s stock valued at $1,527,972,000 after buying an additional 167,217 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco QQQ by 1.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,012,198 shares of the exchange traded fund’s stock valued at $802,145,000 after buying an additional 32,891 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in Invesco QQQ by 2.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 2,002,908 shares of the exchange traded fund’s stock valued at $642,793,000 after buying an additional 45,781 shares during the period. Institutional investors and hedge funds own 43.95% of the company’s stock.

Invesco QQQ Stock Down 0.4 %

QQQ traded down $1.66 on Tuesday, hitting $369.00. The company had a trading volume of 23,426,820 shares, compared to its average volume of 53,451,121. Invesco QQQ has a 1 year low of $254.26 and a 1 year high of $387.98. The company’s fifty day moving average price is $373.20 and its 200 day moving average price is $348.47.

Invesco QQQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 19th will be paid a dividend of $0.5389 per share. The ex-dividend date is Monday, September 18th. This represents a $2.16 dividend on an annualized basis and a yield of 0.58%.

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.