Clarity Capital Partners LLC Cuts Position in Invesco QQQ (NASDAQ:QQQ)

Clarity Capital Partners LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 11.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,842 shares of the exchange traded fund’s stock after selling 498 shares during the quarter. Invesco QQQ comprises approximately 1.1% of Clarity Capital Partners LLC’s holdings, making the stock its 24th biggest holding. Clarity Capital Partners LLC’s holdings in Invesco QQQ were worth $1,875,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of QQQ. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ during the 1st quarter valued at about $28,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ in the second quarter valued at $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 lifted its position 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 acquiring an additional 81 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. lifted its position in shares of Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.3 %

QQQ opened at $486.01 on Tuesday. The business has a 50-day moving average of $482.01 and a 200-day moving average of $469.55. Invesco QQQ has a fifty-two week low of $366.91 and a fifty-two week high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Monday, September 23rd.

Invesco QQQ 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.