Round Rock Advisors LLC Has $33.55 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Round Rock Advisors LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 68,732 shares of the exchange traded fund’s stock after selling 586 shares during the quarter. Invesco QQQ makes up approximately 7.8% of Round Rock Advisors LLC’s holdings, making the stock its 2nd biggest holding. Round Rock Advisors LLC’s holdings in Invesco QQQ were worth $33,546,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of QQQ. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ in the 1st quarter valued at $28,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ in the second quarter valued at about $30,000. Chelsea Counsel Co. acquired a new position in Invesco QQQ in the 1st quarter valued at $40,000. CGC Financial Services LLC raised its stake in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 81 shares in the last quarter. Finally, PFG Private Wealth Management LLC raised its position in Invesco QQQ by 572.2% in the second quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 103 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.1 %

Shares of NASDAQ:QQQ opened at $514.14 on Friday. Invesco QQQ has a 52 week low of $369.57 and a 52 week high of $514.92. The firm’s fifty day moving average is $484.62 and its 200-day moving average is $471.30.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.53%. 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.