Baxter Bros Inc. Sells 181 Shares of Invesco QQQ (NASDAQ:QQQ)

Baxter Bros Inc. lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 7.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,196 shares of the exchange traded fund’s stock after selling 181 shares during the quarter. Baxter Bros Inc.’s holdings in Invesco QQQ were worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new position in Invesco QQQ in the 1st quarter valued at $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ during the 2nd quarter worth approximately $30,000. Chelsea Counsel Co. acquired a new stake in shares of Invesco QQQ during the first quarter worth $40,000. CGC Financial Services LLC raised its stake in shares of Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. lifted its stake in Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after acquiring an additional 24 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7 %

NASDAQ:QQQ opened at $487.43 on Friday. Invesco QQQ has a twelve month low of $360.30 and a twelve month high of $503.52. The business has a 50 day moving average price of $481.80 and a two-hundred day moving average price of $468.80.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was 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.