EWG Elevate Inc. Trims Stock Position in Invesco QQQ (NASDAQ:QQQ)

EWG Elevate Inc. cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,326 shares of the exchange traded fund’s stock after selling 48 shares during the quarter. EWG Elevate Inc.’s holdings in Invesco QQQ were worth $1,115,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Atwater Malick LLC bought a new position in shares of Invesco QQQ during the first quarter valued at approximately $293,000. Westwood Holdings Group Inc. boosted its stake in Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after acquiring an additional 1,993 shares in the last quarter. Aviance Capital Partners LLC boosted its stake in Invesco QQQ by 29.7% in the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock valued at $1,848,000 after acquiring an additional 1,033 shares in the last quarter. GenWealth Group Inc. boosted its stake in Invesco QQQ by 5.8% in the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after acquiring an additional 2,325 shares in the last quarter. Finally, Fiera Capital Corp boosted its stake in Invesco QQQ by 1.7% in the fourth quarter. Fiera Capital Corp now owns 656,835 shares of the exchange traded fund’s stock valued at $268,987,000 after acquiring an additional 11,013 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 2.5 %

Shares of Invesco QQQ stock traded up $11.20 during trading on Tuesday, hitting $462.58. 39,714,689 shares of the company’s stock were exchanged, compared to its average volume of 41,106,617. The business has a 50-day simple moving average of $473.75 and a 200-day simple moving average of $450.67. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were given a dividend of $0.7615 per share. The ex-dividend date was Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a yield of 0.66%.

About Invesco QQQ

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.