NBC Securities Inc. Sells 117 Shares of Invesco QQQ (NASDAQ:QQQ)

NBC Securities Inc. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.4% in the 3rd quarter, Holdings Channel reports. The fund owned 8,442 shares of the exchange traded fund’s stock after selling 117 shares during the quarter. NBC Securities Inc.’s holdings in Invesco QQQ were worth $4,120,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in Invesco QQQ by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock valued at $2,379,676,000 after purchasing an additional 338,494 shares during the period. Global Assets Advisory LLC bought a new stake in shares of Invesco QQQ in the first quarter valued at about $1,580,776,000. Steel Grove Capital Advisors LLC grew its position in Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after buying an additional 3,102,568 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Invesco QQQ by 1.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock valued at $1,532,904,000 after acquiring an additional 33,790 shares during the period. Finally, Strategic Financial Concepts LLC raised its holdings in Invesco QQQ by 18,691.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after acquiring an additional 2,762,571 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock traded down $5.64 during mid-day trading on Tuesday, reaching $491.86. The stock had a trading volume of 12,165,438 shares, compared to its average volume of 39,108,633. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The firm’s 50 day simple moving average is $473.79 and its 200 day simple moving average is $463.77.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given 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 dividend yield of 0.55%.

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.