Invesco QQQ (NASDAQ:QQQ) Shares Sold by 1834 Investment Advisors Co.

1834 Investment Advisors Co. trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 51.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 551 shares of the exchange traded fund’s stock after selling 592 shares during the period. 1834 Investment Advisors Co.’s holdings in Invesco QQQ were worth $269,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. New Covenant Trust Company N.A. purchased a new position in shares of Invesco QQQ during the first quarter worth approximately $28,000. Mechanics Financial Corp purchased a new position in shares of Invesco QQQ during the second quarter worth about $30,000. Chelsea Counsel Co. acquired a new position in Invesco QQQ in the 1st quarter valued at about $40,000. CGC Financial Services LLC raised its stake in Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 81 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. grew its stake in shares of Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 24 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $505.58 on Thursday. The firm has a fifty day moving average of $483.00 and a two-hundred day moving average of $470.34. Invesco QQQ has a one year low of $369.05 and a one year high of $506.41.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.54%.

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.