GDS Wealth Management Has $399,000 Stake in Invesco QQQ (NASDAQ:QQQ)

GDS Wealth Management lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 39.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 832 shares of the exchange traded fund’s stock after selling 551 shares during the quarter. GDS Wealth Management’s holdings in Invesco QQQ were worth $399,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Atwater Malick LLC bought a new position in shares of Invesco QQQ during the first quarter worth about $293,000. Westwood Holdings Group Inc. grew its stake in shares of Invesco QQQ by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after acquiring an additional 1,993 shares in the last quarter. GenWealth Group Inc. raised its holdings 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 valued at $18,851,000 after purchasing an additional 2,325 shares during the last quarter. Socha Financial Group LLC lifted its position 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 purchasing an additional 1,153 shares in the last quarter. Finally, SVB Wealth LLC boosted its holdings in Invesco QQQ by 15.2% during the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after purchasing an additional 2,453 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.4 %

Invesco QQQ stock opened at $473.24 on Tuesday. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52. The company has a fifty day simple moving average of $469.61 and a 200 day simple moving average of $457.60.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were issued a $0.7615 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th. This represents a $3.05 annualized dividend and a dividend yield of 0.64%.

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.