Invesco QQQ (NASDAQ:QQQ) Shares Sold by AllGen Financial Advisors Inc.

AllGen Financial Advisors Inc. trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,309 shares of the exchange traded fund’s stock after selling 63 shares during the period. Invesco QQQ comprises about 2.6% of AllGen Financial Advisors Inc.’s investment portfolio, making the stock its 9th biggest position. AllGen Financial Advisors Inc.’s holdings in Invesco QQQ were worth $6,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ in the first quarter valued at $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ in the 2nd quarter valued at $30,000. Deane Retirement Strategies Inc. acquired a new position in shares of Invesco QQQ in the 1st quarter valued at $29,000. Legacy Bridge LLC lifted its holdings in shares of Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 64 shares during the period. Finally, Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at about $35,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $471.44 on Thursday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The company’s 50-day simple moving average is $468.49 and its 200 day simple moving average is $457.89.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were paid a $0.7615 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.65%. The ex-dividend date 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.