WESPAC Advisors SoCal LLC Sells 60 Shares of Invesco QQQ (NASDAQ:QQQ)

WESPAC Advisors SoCal LLC decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,468 shares of the exchange traded fund’s stock after selling 60 shares during the quarter. WESPAC Advisors SoCal LLC’s holdings in Invesco QQQ were worth $652,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Atwater Malick LLC acquired a new position in shares of Invesco QQQ during the first quarter worth approximately $293,000. Bank Hapoalim BM raised its holdings in Invesco QQQ by 6.3% during the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after buying an additional 4,549 shares during the last quarter. Aviance Capital Partners LLC lifted its stake in shares of 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 buying an additional 1,033 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Invesco QQQ by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after buying an additional 243,305 shares during the last quarter. Finally, GenWealth Group Inc. increased its position in shares of Invesco QQQ by 5.8% during the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after acquiring an additional 2,325 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $479.99 on Tuesday. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $487.20. The company’s 50-day moving average is $454.85 and its 200 day moving average is $436.77.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be given a dividend of $0.7615 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 24th. This represents a $3.05 annualized dividend and a dividend yield of 0.63%.

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.