Invesco QQQ (NASDAQ:QQQ) Shares Sold by TAP Consulting LLC

TAP Consulting LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 24.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 26,712 shares of the exchange traded fund’s stock after selling 8,610 shares during the quarter. Invesco QQQ comprises approximately 2.6% of TAP Consulting LLC’s portfolio, making the stock its 5th largest holding. TAP Consulting LLC’s holdings in Invesco QQQ were worth $13,037,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. New Covenant Trust Company N.A. bought a new position in Invesco QQQ in the 1st quarter valued at $28,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ in the second quarter valued at about $30,000. Deane Retirement Strategies Inc. acquired a new stake in Invesco QQQ in the 1st quarter valued at about $29,000. Voisard Asset Management Group Inc. bought a new stake in shares of Invesco QQQ during the 4th quarter worth about $35,000. Finally, Chelsea Counsel Co. acquired a new position in shares of Invesco QQQ during the 1st quarter worth approximately $40,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.1 %

Shares of QQQ stock traded up $0.50 on Friday, reaching $493.09. The company had a trading volume of 13,227,147 shares, compared to its average volume of 39,273,984. The business’s 50-day moving average is $471.66 and its 200 day moving average is $462.79. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.55%.

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.