Garrison Point Advisors LLC Has $244,000 Stake in Invesco QQQ (NASDAQ:QQQ)

Garrison Point Advisors LLC decreased its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 38.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 510 shares of the exchange traded fund’s stock after selling 323 shares during the period. Garrison Point Advisors LLC’s holdings in Invesco QQQ were worth $244,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. KFA Private Wealth Group LLC grew its position in shares of Invesco QQQ by 15.9% during the 2nd quarter. KFA Private Wealth Group LLC now owns 1,413 shares of the exchange traded fund’s stock worth $677,000 after buying an additional 194 shares during the period. Studio Investment Management LLC grew its position in Invesco QQQ by 69.3% in the 2nd quarter. Studio Investment Management LLC now owns 611 shares of the exchange traded fund’s stock valued at $294,000 after purchasing an additional 250 shares during the period. Wetzel Investment Advisors Inc. grew its position in Invesco QQQ by 4.8% in the 2nd quarter. Wetzel Investment Advisors Inc. now owns 2,194 shares of the exchange traded fund’s stock valued at $974,000 after purchasing an additional 100 shares during the period. Spectrum Wealth Advisory Group LLC grew its position in Invesco QQQ by 1.3% in the 2nd quarter. Spectrum Wealth Advisory Group LLC now owns 67,152 shares of the exchange traded fund’s stock valued at $32,173,000 after purchasing an additional 838 shares during the period. Finally, Blue Square Asset Management LLC acquired a new stake in Invesco QQQ in the 2nd quarter valued at $8,486,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $458.66 on Wednesday. The company has a fifty day simple moving average of $471.31 and a 200 day simple moving average of $456.60. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were paid a dividend of $0.7615 per share. The ex-dividend date was Monday, June 24th. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.66%.

Invesco QQQ Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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