Invesco QQQ (NASDAQ:QQQ) Stock Holdings Lessened by Baron Silver Stevens Financial Advisors LLC

Baron Silver Stevens Financial Advisors LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 10.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 923 shares of the exchange traded fund’s stock after selling 105 shares during the period. Baron Silver Stevens Financial Advisors LLC’s holdings in Invesco QQQ were worth $450,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Palumbo Wealth Management LLC raised its holdings in shares of Invesco QQQ by 0.3% during the third quarter. Palumbo Wealth Management LLC now owns 10,705 shares of the exchange traded fund’s stock worth $5,225,000 after acquiring an additional 33 shares in the last quarter. Nikulski Financial Inc. raised its stake in shares of Invesco QQQ by 1.7% during the 3rd quarter. Nikulski Financial Inc. now owns 19,039 shares of the exchange traded fund’s stock worth $9,292,000 after purchasing an additional 316 shares in the last quarter. Bank Hapoalim BM lifted its holdings in shares of Invesco QQQ by 5.5% during the 3rd quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock valued at $59,250,000 after buying an additional 6,347 shares during the last quarter. Catalyst Financial Partners LLC grew its stake in shares of Invesco QQQ by 4.5% in the 3rd quarter. Catalyst Financial Partners LLC now owns 692 shares of the exchange traded fund’s stock valued at $338,000 after buying an additional 30 shares in the last quarter. Finally, Tevis Investment Management increased its holdings in Invesco QQQ by 9.9% in the third quarter. Tevis Investment Management now owns 554 shares of the exchange traded fund’s stock worth $270,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.5 %

Shares of QQQ opened at $483.85 on Friday. Invesco QQQ has a twelve month low of $346.62 and a twelve month high of $503.52. The firm’s 50 day moving average price is $481.65 and its 200 day moving average price is $468.15.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Monday, September 23rd.

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.