Pacific Center for Financial Services Sells 560 Shares of Invesco QQQ (NASDAQ:QQQ)

Pacific Center for Financial Services lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 101,966 shares of the exchange traded fund’s stock after selling 560 shares during the quarter. Invesco QQQ makes up about 13.1% of Pacific Center for Financial Services’ investment portfolio, making the stock its biggest position. Pacific Center for Financial Services’ holdings in Invesco QQQ were worth $49,766,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. International Assets Investment Management LLC grew its holdings in shares of Invesco QQQ by 46,491.6% during the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after buying an additional 32,516,210 shares during the last quarter. Ameriprise Financial Inc. increased its position in Invesco QQQ by 7.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after purchasing an additional 338,494 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Invesco QQQ by 1.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock worth $1,532,904,000 after purchasing an additional 33,790 shares during the period. Strategic Financial Concepts LLC raised its position in Invesco QQQ by 18,691.3% in the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after acquiring an additional 2,762,571 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Invesco QQQ by 2.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,544,540 shares of the exchange traded fund’s stock valued at $1,219,115,000 after purchasing an additional 64,401 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.9 %

QQQ stock opened at $526.48 on Friday. The firm has a 50 day moving average of $499.59 and a 200-day moving average of $481.55. Invesco QQQ has a 12-month low of $386.96 and a 12-month high of $526.72.

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 given a dividend of $0.677 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.51%.

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.