Salomon & Ludwin LLC Sells 651 Shares of Invesco QQQ (NASDAQ:QQQ)

Salomon & Ludwin LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 20.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,509 shares of the exchange traded fund’s stock after selling 651 shares during the quarter. Salomon & Ludwin LLC’s holdings in Invesco QQQ were worth $1,202,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ in the 1st quarter valued at $28,000. Deane Retirement Strategies Inc. bought a new position in Invesco QQQ during the first quarter worth about $29,000. Legacy Bridge LLC increased its holdings in shares of Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $35,000. Finally, Robinson Capital Management LLC bought a new stake in Invesco QQQ during the 4th quarter worth approximately $40,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 1.1 %

Shares of QQQ stock traded down $5.25 on Monday, hitting $474.75. 17,759,592 shares of the stock were exchanged, compared to its average volume of 40,568,449. The business has a 50-day moving average of $475.08 and a 200 day moving average of $453.77. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were paid a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a yield of 0.64%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th.

Invesco QQQ 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.