One Wealth Management Investment & Advisory Services LLC Sells 125 Shares of Invesco QQQ (NASDAQ:QQQ)

One Wealth Management Investment & Advisory Services LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,335 shares of the exchange traded fund’s stock after selling 125 shares during the period. One Wealth Management Investment & Advisory Services LLC’s holdings in Invesco QQQ were worth $1,119,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Cullen Frost Bankers Inc. raised its position in shares of Invesco QQQ by 1.2% during the second quarter. Cullen Frost Bankers Inc. now owns 13,718 shares of the exchange traded fund’s stock valued at $6,572,000 after buying an additional 160 shares during the last quarter. Hanlon Investment Management Inc. acquired a new position in shares of Invesco QQQ during the second quarter valued at about $263,000. Patron Partners LLC raised its position in shares of Invesco QQQ by 18.4% during the second quarter. Patron Partners LLC now owns 2,460 shares of the exchange traded fund’s stock valued at $1,179,000 after buying an additional 382 shares during the last quarter. Valtinson Bruner Financial Planning LLC raised its position in shares of Invesco QQQ by 0.6% during the second quarter. Valtinson Bruner Financial Planning LLC now owns 4,179 shares of the exchange traded fund’s stock valued at $2,002,000 after buying an additional 26 shares during the last quarter. Finally, Gentry Private Wealth LLC acquired a new position in shares of Invesco QQQ during the second quarter valued at about $2,049,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.7 %

Shares of QQQ traded down $12.35 during trading hours on Friday, reaching $448.69. 50,624,385 shares of the company traded hands, compared to its average volume of 40,492,672. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52. The stock’s fifty day moving average is $472.43 and its 200 day moving average is $455.91.

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 $0.7615 dividend. This represents a $3.05 annualized dividend and a yield of 0.68%. The ex-dividend date was Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.

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.