Liquid Strategies LLC Trims Holdings in Invesco QQQ (NASDAQ:QQQ)

Liquid Strategies LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,539 shares of the exchange traded fund’s stock after selling 1,266 shares during the quarter. Invesco QQQ makes up approximately 2.1% of Liquid Strategies LLC’s investment portfolio, making the stock its 7th largest position. Liquid Strategies LLC’s holdings in Invesco QQQ were worth $7,924,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in QQQ. The Manufacturers Life Insurance Company raised its position in shares of Invesco QQQ by 28.5% during the second quarter. The Manufacturers Life Insurance Company now owns 70,490 shares of the exchange traded fund’s stock worth $33,772,000 after acquiring an additional 15,648 shares during the last quarter. Daymark Wealth Partners LLC increased its position in Invesco QQQ by 30.4% during the 2nd quarter. Daymark Wealth Partners LLC now owns 17,239 shares of the exchange traded fund’s stock valued at $8,259,000 after purchasing an additional 4,015 shares during the period. Delta Investment Management LLC raised its holdings in Invesco QQQ by 1.5% during the 2nd quarter. Delta Investment Management LLC now owns 5,037 shares of the exchange traded fund’s stock worth $2,414,000 after purchasing an additional 74 shares during the last quarter. Drucker Wealth 3.0 LLC acquired a new position in shares of Invesco QQQ in the 2nd quarter worth approximately $203,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Invesco QQQ by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after purchasing an additional 338,494 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $489.47 on Friday. The firm has a fifty day simple moving average of $467.87 and a 200 day simple moving average of $459.61. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be paid a $0.677 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.55%.

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.