Carrera Capital Advisors Sells 196 Shares of Invesco QQQ (NASDAQ:QQQ)

Carrera Capital Advisors decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 14.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,198 shares of the exchange traded fund’s stock after selling 196 shares during the period. Carrera Capital Advisors’ holdings in Invesco QQQ were worth $585,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in QQQ. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ in the 1st quarter valued at approximately $28,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ in the second quarter worth $30,000. Chelsea Counsel Co. bought a new position in Invesco QQQ during the first quarter worth $40,000. CGC Financial Services LLC raised its stake in Invesco QQQ by 736.4% during 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 last quarter. Finally, PFG Private Wealth Management LLC boosted its holdings in Invesco QQQ by 572.2% in the 2nd 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 period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.2 %

QQQ stock traded down $0.98 during trading on Tuesday, reaching $512.86. 7,378,996 shares of the stock were exchanged, compared to its average volume of 38,215,047. Invesco QQQ has a twelve month low of $375.24 and a twelve month high of $515.58. The stock has a 50 day simple moving average of $485.37 and a 200-day simple moving average of $472.57.

Invesco QQQ Cuts Dividend

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