Sage Advisors LLC Has $1.47 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Sage Advisors LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 7.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,061 shares of the exchange traded fund’s stock after acquiring an additional 200 shares during the quarter. Invesco QQQ comprises approximately 1.2% of Sage Advisors LLC’s holdings, making the stock its 14th largest position. Sage Advisors LLC’s holdings in Invesco QQQ were worth $1,467,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Atwater Malick LLC acquired a new stake in shares of Invesco QQQ in the first quarter worth $293,000. Westwood Holdings Group Inc. lifted its stake in shares of Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after buying an additional 1,993 shares during the last quarter. GenWealth Group Inc. lifted its stake in shares of Invesco QQQ by 5.8% in the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after buying an additional 2,325 shares during the last quarter. Socha Financial Group LLC lifted its stake in shares of Invesco QQQ by 1.3% in the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after buying an additional 1,153 shares during the last quarter. Finally, SVB Wealth LLC lifted its stake in shares of Invesco QQQ by 15.2% in the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after buying an additional 2,453 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $481.95 on Thursday. The firm has a fifty day simple moving average of $468.60 and a 200-day simple moving average of $461.03. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.56%. The ex-dividend date is Monday, September 23rd.

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.