Presidio Capital Management LLC Lowers Position in Invesco QQQ (NASDAQ:QQQ)

Presidio Capital Management LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,674 shares of the exchange traded fund’s stock after selling 58 shares during the quarter. Invesco QQQ accounts for approximately 0.9% of Presidio Capital Management LLC’s portfolio, making the stock its 15th largest position. Presidio Capital Management LLC’s holdings in Invesco QQQ were worth $1,281,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Prospect Financial Services LLC increased its holdings in Invesco QQQ by 0.3% in the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after acquiring an additional 21 shares during the last quarter. Sweeney & Michel LLC grew its position in shares of Invesco QQQ by 4.0% during the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock valued at $286,000 after purchasing an additional 22 shares in the last quarter. Family Firm Inc. increased its holdings in shares of Invesco QQQ by 3.1% in the second quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock worth $354,000 after purchasing an additional 22 shares during the last quarter. Summit X LLC lifted its position in shares of Invesco QQQ by 0.4% in the fourth quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock worth $2,451,000 after buying an additional 24 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. boosted its stake in Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 24 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock traded down $5.41 during mid-day trading on Wednesday, reaching $471.35. 35,574,684 shares of the company’s stock traded hands, compared to its average volume of 40,524,254. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The stock has a 50 day moving average of $474.72 and a two-hundred day moving average of $454.35.

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 represents a $3.05 annualized dividend and a dividend yield of 0.65%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th.

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.