Invesco QQQ (NASDAQ:QQQ) Shares Sold by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 26.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,985 shares of the exchange traded fund’s stock after selling 1,061 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Invesco QQQ were worth $1,457,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. Westwood Holdings Group Inc. increased its position in Invesco QQQ by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after buying an additional 1,993 shares during the period. Socha Financial Group LLC increased its position in Invesco QQQ by 1.3% during the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after buying an additional 1,153 shares during the period. SVB Wealth LLC increased its position in Invesco QQQ by 15.2% during the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after buying an additional 2,453 shares during the period. WFA Asset Management Corp increased its position in Invesco QQQ by 70.6% during the first quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after buying an additional 1,894 shares during the period. Finally, Daymark Wealth Partners LLC increased its position in Invesco QQQ by 30.4% during the second quarter. Daymark Wealth Partners LLC now owns 17,239 shares of the exchange traded fund’s stock worth $8,259,000 after buying an additional 4,015 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.8 %

Shares of QQQ stock opened at $496.38 on Thursday. The business’s 50 day moving average is $481.47 and its two-hundred day moving average is $468.04. Invesco QQQ has a twelve month low of $346.62 and a twelve month 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 paid a $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 annualized dividend 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.