Teamwork Financial Advisors LLC Sells 959 Shares of Invesco QQQ (NASDAQ:QQQ)

Teamwork Financial Advisors LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 48.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,001 shares of the exchange traded fund’s stock after selling 959 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Invesco QQQ were worth $489,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC raised its holdings in Invesco QQQ by 3.5% during the 3rd quarter. Global Retirement Partners LLC now owns 131,186 shares of the exchange traded fund’s stock worth $64,028,000 after buying an additional 4,438 shares during the period. Quad Cities Investment Group LLC lifted its position in Invesco QQQ by 9.0% in the 3rd quarter. Quad Cities Investment Group LLC now owns 9,511 shares of the exchange traded fund’s stock valued at $4,642,000 after acquiring an additional 784 shares in the last quarter. Good Life Advisors LLC boosted its stake in Invesco QQQ by 118.8% in the 3rd quarter. Good Life Advisors LLC now owns 50,052 shares of the exchange traded fund’s stock worth $24,431,000 after purchasing an additional 27,172 shares during the period. Summit Financial Strategies Inc. increased its holdings in Invesco QQQ by 4.1% during the 3rd quarter. Summit Financial Strategies Inc. now owns 1,049 shares of the exchange traded fund’s stock worth $512,000 after purchasing an additional 41 shares in the last quarter. Finally, Perigon Wealth Management LLC raised its stake in shares of Invesco QQQ by 0.9% in the 3rd quarter. Perigon Wealth Management LLC now owns 170,405 shares of the exchange traded fund’s stock valued at $83,170,000 after purchasing an additional 1,588 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $491.25 on Friday. The stock’s 50-day moving average is $476.80 and its 200-day moving average is $464.48. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a $0.677 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%.

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.