Bluesphere Advisors LLC Sells 600 Shares of Invesco QQQ (NASDAQ:QQQ)

Bluesphere Advisors LLC trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 31.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,299 shares of the exchange traded fund’s stock after selling 600 shares during the period. Bluesphere Advisors LLC’s holdings in Invesco QQQ were worth $634,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new stake in shares of Invesco QQQ in the first quarter worth $28,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ in the 2nd quarter valued at about $30,000. Chelsea Counsel Co. acquired a new stake in Invesco QQQ in the 1st quarter worth approximately $40,000. CGC Financial Services LLC lifted 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 period. Finally, CarsonAllaria Wealth Management Ltd. increased its holdings in shares of Invesco QQQ by 30.4% during 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 in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ traded up $0.09 on Monday, hitting $494.56. The company had a trading volume of 14,964,008 shares, compared to its average volume of 38,907,070. The company’s fifty day moving average price is $477.68 and its 200-day moving average price is $465.15. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently declared 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.