Fingerlakes Wealth Management Inc. Sells 317 Shares of Invesco QQQ (NASDAQ:QQQ)

Fingerlakes Wealth Management Inc. cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 15,682 shares of the exchange traded fund’s stock after selling 317 shares during the quarter. Invesco QQQ accounts for about 6.7% of Fingerlakes Wealth Management Inc.’s portfolio, making the stock its 2nd largest position. Fingerlakes Wealth Management Inc.’s holdings in Invesco QQQ were worth $7,513,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Prospect Financial Services LLC lifted its position in Invesco QQQ by 0.3% in the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after acquiring an additional 21 shares in the last quarter. Sweeney & Michel LLC raised its stake in shares of Invesco QQQ by 4.0% in the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after purchasing an additional 22 shares during the last quarter. Family Firm Inc. lifted its holdings in shares of Invesco QQQ by 3.1% in the second quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock valued at $354,000 after purchasing an additional 22 shares in the last quarter. Summit X LLC boosted its position in shares of Invesco QQQ by 0.4% during the fourth quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock valued at $2,451,000 after buying an additional 24 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. boosted its position in shares of Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 24 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $468.62 on Thursday. The business has a fifty day simple moving average of $470.86 and a 200 day simple moving average of $456.68. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52.

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 issued a $0.7615 dividend. The ex-dividend date was Monday, June 24th. This represents a $3.05 annualized dividend and a dividend yield of 0.65%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

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.