Boston Financial Mangement LLC Sells 1,113 Shares of Invesco QQQ (NASDAQ:QQQ)

Boston Financial Mangement LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 6.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 17,120 shares of the exchange traded fund’s stock after selling 1,113 shares during the period. Boston Financial Mangement LLC’s holdings in Invesco QQQ were worth $8,356,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in shares of Invesco QQQ by 46,491.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after acquiring an additional 32,516,210 shares during the period. Steel Grove Capital Advisors LLC increased its holdings in shares of Invesco QQQ by 934.0% in the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after purchasing an additional 3,102,568 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of Invesco QQQ by 18,691.3% in the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after purchasing an additional 2,762,571 shares during the last quarter. Granite Bay Wealth Management LLC raised its position in shares of Invesco QQQ by 6,215.5% in the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after purchasing an additional 894,532 shares during the period. Finally, Harvard Management Co. Inc. acquired a new stake in shares of Invesco QQQ during the 1st quarter worth about $304,591,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.0 %

Shares of QQQ stock opened at $495.40 on Tuesday. Invesco QQQ has a 52 week low of $346.45 and a 52 week high of $503.52. The company has a 50-day simple moving average of $480.79 and a 200 day simple moving average of $467.41.

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 $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%.

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.