Invesco QQQ (NASDAQ:QQQ) Stock Position Cut by Continuum Advisory LLC

Continuum Advisory LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,062 shares of the exchange traded fund’s stock after selling 1,108 shares during the period. Invesco QQQ makes up approximately 1.9% of Continuum Advisory LLC’s portfolio, making the stock its 9th largest position. Continuum Advisory LLC’s holdings in Invesco QQQ were worth $15,292,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Mechanics Financial Corp acquired a new position in Invesco QQQ during the 2nd quarter worth approximately $30,000. CGC Financial Services LLC grew its stake in shares of Invesco QQQ by 736.4% during 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. Legacy Bridge LLC increased its holdings in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the last quarter. BNP Paribas purchased a new position in Invesco QQQ in the third quarter valued at $62,000. Finally, CarsonAllaria Wealth Management Ltd. raised its stake in Invesco QQQ by 27.2% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 131 shares of the exchange traded fund’s stock valued at $63,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.9 %

NASDAQ:QQQ opened at $526.48 on Monday. Invesco QQQ has a 1 year low of $386.96 and a 1 year high of $526.72. The stock has a 50-day simple moving average of $499.59 and a 200-day simple moving average of $481.73.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.51%. 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.