Systelligence LLC Trims Stake in Invesco QQQ (NASDAQ:QQQ)

Systelligence LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,624 shares of the exchange traded fund’s stock after selling 394 shares during the quarter. Invesco QQQ makes up about 3.1% of Systelligence LLC’s investment portfolio, making the stock its 13th biggest position. Systelligence LLC’s holdings in Invesco QQQ were worth $12,506,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. New Covenant Trust Company N.A. purchased a new position in shares of Invesco QQQ in the 1st quarter worth $28,000. Mechanics Financial Corp acquired a new position in Invesco QQQ in the second quarter worth about $30,000. Chelsea Counsel Co. acquired a new position in Invesco QQQ in the first quarter worth about $40,000. CGC Financial Services LLC grew its stake in Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares in the last quarter. Finally, PFG Private Wealth Management LLC grew its stake 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 worth $58,000 after purchasing an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.1 %

NASDAQ:QQQ opened at $513.84 on Tuesday. The stock has a 50-day simple moving average of $485.37 and a 200 day simple moving average of $472.57. Invesco QQQ has a one year low of $375.24 and a one year high of $515.58.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.