Aureus Asset Management LLC Sells 290 Shares of Invesco QQQ (NASDAQ:QQQ)

Aureus Asset Management LLC cut its position in shares of Invesco QQQ (NASDAQ:QQQ) by 16.6% in the third quarter, HoldingsChannel reports. The firm owned 1,454 shares of the exchange traded fund’s stock after selling 290 shares during the period. Aureus Asset Management LLC’s holdings in Invesco QQQ were worth $710,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of QQQ. Mechanics Financial Corp bought a new stake in Invesco QQQ during the 2nd quarter valued at $30,000. CGC Financial Services LLC raised 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 worth $44,000 after acquiring an additional 81 shares in the last quarter. PFG Private Wealth Management LLC raised its position in shares of 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 worth $58,000 after acquiring an additional 103 shares in the last quarter. Legacy Bridge LLC raised its position in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares in the last quarter. Finally, BNP Paribas bought a new position in shares of Invesco QQQ in the 3rd quarter worth $62,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

QQQ opened at $509.74 on Monday. Invesco QQQ has a 12 month low of $382.66 and a 12 month high of $515.58. The stock has a fifty day moving average price of $496.13 and a 200-day moving average price of $479.38.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a $0.677 dividend. This represents a $2.71 annualized dividend 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.