Invesco QQQ (NASDAQ:QQQ) is Lauer Wealth LLC’s 3rd Largest Position

Lauer Wealth LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,345 shares of the exchange traded fund’s stock after selling 1,732 shares during the quarter. Invesco QQQ makes up about 10.9% of Lauer Wealth LLC’s holdings, making the stock its 3rd biggest holding. Lauer Wealth LLC’s holdings in Invesco QQQ were worth $14,331,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Omega Financial Group LLC boosted its stake in Invesco QQQ by 6.2% in the 1st quarter. Omega Financial Group LLC now owns 9,024 shares of the exchange traded fund’s stock worth $4,007,000 after purchasing an additional 525 shares in the last quarter. Pettinga Financial Advisors LLC increased its holdings in Invesco QQQ by 4.3% in the 1st quarter. Pettinga Financial Advisors LLC now owns 15,002 shares of the exchange traded fund’s stock worth $6,661,000 after buying an additional 619 shares in the last quarter. Chapin Davis Inc. raised its position in Invesco QQQ by 436.6% in the 1st quarter. Chapin Davis Inc. now owns 4,738 shares of the exchange traded fund’s stock worth $2,104,000 after buying an additional 3,855 shares during the last quarter. Aviance Capital Partners LLC lifted its stake in Invesco QQQ by 41.4% during the 1st quarter. Aviance Capital Partners LLC now owns 6,381 shares of the exchange traded fund’s stock valued at $2,833,000 after acquiring an additional 1,867 shares during the period. Finally, RHS Financial LLC boosted its holdings in shares of Invesco QQQ by 6.0% during the 1st quarter. RHS Financial LLC now owns 2,208 shares of the exchange traded fund’s stock valued at $980,000 after acquiring an additional 125 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock traded up $1.90 during trading hours on Monday, reaching $497.22. The company had a trading volume of 6,380,546 shares, compared to its average volume of 38,674,402. The business has a fifty day moving average price of $480.51 and a 200-day moving average price of $467.05. Invesco QQQ has a one year low of $346.45 and a one year high of $503.52.

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 given a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Monday, September 23rd.

About Invesco QQQ

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.