Inspire Advisors LLC Sells 1,080 Shares of Invesco QQQ (NASDAQ:QQQ)

Inspire Advisors LLC cut its stake in Invesco QQQ (NASDAQ:QQQ) by 62.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 663 shares of the exchange traded fund’s stock after selling 1,080 shares during the period. Inspire Advisors LLC’s holdings in Invesco QQQ were worth $318,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vantage Financial Partners LLC lifted its stake in Invesco QQQ by 68.0% in the fourth quarter. Vantage Financial Partners LLC now owns 29,550 shares of the exchange traded fund’s stock valued at $12,101,000 after buying an additional 11,957 shares during the period. Concentrum Wealth Management raised its position in shares of Invesco QQQ by 15.4% during the fourth quarter. Concentrum Wealth Management now owns 14,662 shares of the exchange traded fund’s stock worth $6,004,000 after purchasing an additional 1,962 shares during the period. Rollins Financial raised its position in shares of Invesco QQQ by 11.8% during the fourth quarter. Rollins Financial now owns 187,590 shares of the exchange traded fund’s stock worth $76,822,000 after purchasing an additional 19,785 shares during the period. Gryphon Financial Partners LLC raised its position in shares of Invesco QQQ by 30.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 3,047 shares of the exchange traded fund’s stock worth $1,248,000 after purchasing an additional 706 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Invesco QQQ by 1.2% during the fourth quarter. Principal Financial Group Inc. now owns 8,437 shares of the exchange traded fund’s stock worth $3,455,000 after purchasing an additional 102 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.4 %

Shares of NASDAQ:QQQ opened at $475.34 on Monday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The stock’s 50 day moving average is $470.09 and its 200-day moving average is $457.36.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were given a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.64%. This is a positive change 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.