EWG Elevate Inc. Sells 309 Shares of Invesco QQQ (NASDAQ:QQQ)

EWG Elevate Inc. cut its stake in Invesco QQQ (NASDAQ:QQQ) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,116 shares of the exchange traded fund’s stock after selling 309 shares during the period. Invesco QQQ comprises about 2.8% of EWG Elevate Inc.’s investment portfolio, making the stock its 12th largest position. EWG Elevate Inc.’s holdings in Invesco QQQ were worth $6,692,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Aspire Private Capital LLC purchased a new position in shares of Invesco QQQ in the 1st quarter worth approximately $13,479,060,000. Barrett & Company Inc. acquired a new stake in Invesco QQQ during the 1st quarter valued at approximately $26,000. Cascade Investment Advisors Inc. acquired a new stake in Invesco QQQ during the 1st quarter valued at approximately $28,000. Elequin Securities LLC acquired a new stake in Invesco QQQ during the 1st quarter valued at approximately $47,000. Finally, Clear Investment Research LLC lifted its stake in Invesco QQQ by 71.7% during the 1st quarter. Clear Investment Research LLC now owns 158 shares of the exchange traded fund’s stock valued at $51,000 after acquiring an additional 66 shares during the period. 43.95% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $369.57 on Tuesday. Invesco QQQ has a 12 month low of $254.26 and a 12 month high of $387.98. The company has a 50 day simple moving average of $373.20 and a two-hundred day simple moving average of $348.47.

Invesco QQQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 19th will be paid a $0.5389 dividend. This represents a $2.16 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Monday, September 18th.

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.