Sittner & Nelson LLC Reduces Invesco QQQ Investments

Sittner & Nelson LLC has adjusted their investment portfolio by reducing their stake in the Invesco QQQ Trust (NASDAQ:QQQ). In a move reflecting a modest shift in their holdings, the investment firm sold 30 shares of the popular exchange-traded fund (ETF), which led to a 1.6% decrease of their total position in the fund during the second quarter of the fiscal year. Despite this sale, Sittner & Nelson LLC still maintains substantial ownership, with 1,900 shares in the ETF, valued at $702,000 at the close of the reporting period.

Investment Adjustments Among Other Firms

While Sittner & Nelson were reducing their Invesco QQQ shares, other investors have been actively adjusting their own investments in the ETF. GPS Wealth Strategies Group LLC, for instance, increased its holding by 6.9%, CVA Family Office LLC by 2.0%, and Cornerstone Advisors LLC saw a significant uptick of 36.7% in their investment. Additional activity from firms like Symphony Financial Ltd. Co. and Commonwealth Equity Services LLC marked both moderate and dramatic increases in QQQ shares, signaling varying investor strategies and confidence in the fund's performance.

Performance and Dividend Details

In recent trading, Invesco QQQ's performance has seen some fluctuation. Shares traded down $4.81, reaching $385.13, which is part of a wider pattern when considering the fund's 12-month range. Invesco QQQ announced a quarterly dividend payment, following its regular schedule, with eligible shareholders receiving a dividend of $0.5389 per share. The yield of this payment stands at 0.56%, based on the annualized dividend amount.

Understanding Invesco QQQ

Invesco QQQ is an ETF that aims to track the performance of the Nasdaq-100 Index. Investors purchase stakes in the fund, indirectly owning a share of the Nasdaq's top non-financial companies, proportionate to their investment. The fund is often preferred for its representation of major technology and innovation-driven firms.

Sittner&Nelson, Invesco, QQQ