Beaird Harris Wealth Management LLC Cuts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Beaird Harris Wealth Management LLC trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 7.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 799 shares of the exchange traded fund’s stock after selling 60 shares during the quarter. Beaird Harris Wealth Management LLC’s holdings in Invesco QQQ were worth $390,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. International Assets Investment Management LLC increased its holdings in shares of Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after acquiring an additional 32,516,210 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings 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 valued at $13,307,000 after purchasing an additional 2,762,571 shares in the last quarter. Granite Bay Wealth Management LLC increased its stake in Invesco QQQ by 6,215.5% in the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after purchasing an additional 894,532 shares during the last quarter. Toronto Dominion Bank raised its holdings in Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after purchasing an additional 488,815 shares in the last quarter. Finally, Mirae Asset Securities USA Inc. purchased a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $215,600,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $526.50 on Friday. The company has a fifty day simple moving average of $502.92 and a 200-day simple moving average of $483.29. Invesco QQQ has a 12-month low of $395.34 and a 12-month high of $530.61.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend 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.