Community Bank N.A. Sells 225 Shares of Invesco QQQ (NASDAQ:QQQ)

Community Bank N.A. trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 8.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,301 shares of the exchange traded fund’s stock after selling 225 shares during the quarter. Community Bank N.A.’s holdings in Invesco QQQ were worth $1,123,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ during the 2nd quarter worth $30,000. CGC Financial Services LLC lifted its holdings in shares of 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 acquiring an additional 81 shares during the last quarter. PFG Private Wealth Management LLC boosted its stake 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 valued at $58,000 after purchasing an additional 103 shares in the last quarter. Legacy Bridge LLC grew its holdings in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the last quarter. Finally, BNP Paribas acquired a new position in Invesco QQQ during the 3rd quarter worth approximately $62,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $509.74 on Monday. Invesco QQQ has a one year low of $382.66 and a one year high of $515.58. The firm has a 50 day simple moving average of $496.13 and a 200 day simple moving average of $479.38.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders 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.