Creative Financial Designs Inc. ADV Sells 1,793 Shares of Invesco QQQ (NASDAQ:QQQ)

Creative Financial Designs Inc. ADV lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 9.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,408 shares of the exchange traded fund’s stock after selling 1,793 shares during the period. Invesco QQQ accounts for 0.7% of Creative Financial Designs Inc. ADV’s holdings, making the stock its 29th biggest position. Creative Financial Designs Inc. ADV’s holdings in Invesco QQQ were worth $8,497,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Pursue Wealth Partners LLC raised its holdings in Invesco QQQ by 94.9% in the 3rd quarter. Pursue Wealth Partners LLC now owns 7,531 shares of the exchange traded fund’s stock valued at $3,676,000 after acquiring an additional 3,667 shares during the period. Principal Securities Inc. grew its position in shares of Invesco QQQ by 2.1% in the third quarter. Principal Securities Inc. now owns 42,708 shares of the exchange traded fund’s stock valued at $20,845,000 after purchasing an additional 890 shares during the last quarter. Stephens Inc. AR increased its stake in shares of Invesco QQQ by 5.0% during the third quarter. Stephens Inc. AR now owns 266,247 shares of the exchange traded fund’s stock worth $129,947,000 after purchasing an additional 12,738 shares during the period. Pacific Wealth Strategies Group Inc. lifted its holdings in Invesco QQQ by 10.0% during the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 21,443 shares of the exchange traded fund’s stock worth $10,466,000 after purchasing an additional 1,954 shares during the last quarter. Finally, Palumbo Wealth Management LLC boosted its stake in Invesco QQQ by 0.3% in the 3rd quarter. Palumbo Wealth Management LLC now owns 10,705 shares of the exchange traded fund’s stock valued at $5,225,000 after purchasing an additional 33 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.5 %

QQQ stock opened at $486.41 on Friday. The business’s fifty day moving average price is $481.65 and its two-hundred day moving average price is $468.15. Invesco QQQ has a fifty-two week low of $360.30 and a fifty-two week high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently declared 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 of this dividend was Monday, September 23rd.

Invesco QQQ Company 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.