Invesco QQQ (NASDAQ:QQQ) Shares Sold by GenWealth Group Inc.

GenWealth Group Inc. trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 6.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 36,958 shares of the exchange traded fund’s stock after selling 2,455 shares during the quarter. Invesco QQQ comprises about 4.1% of GenWealth Group Inc.’s holdings, making the stock its 10th biggest position. GenWealth Group Inc.’s holdings in Invesco QQQ were worth $18,038,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. New Covenant Trust Company N.A. purchased a new stake in shares of Invesco QQQ during the first quarter worth $28,000. Deane Retirement Strategies Inc. bought a new position in Invesco QQQ during the first quarter valued at about $29,000. Mechanics Financial Corp bought a new position in Invesco QQQ during the second quarter valued at about $30,000. Chelsea Counsel Co. bought a new position in Invesco QQQ during the first quarter valued at about $40,000. Finally, CGC Financial Services LLC raised its holdings in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 81 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $497.50 on Tuesday. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The stock’s 50-day moving average is $473.79 and its two-hundred day moving average is $463.77.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be issued 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 yield of 0.54%.

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.