Belmont Capital LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 72.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,280 shares of the exchange traded fund's stock after selling 3,354 shares during the quarter. Belmont Capital LLC's holdings in Invesco QQQ were worth $625,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new stake in Invesco QQQ during the 1st quarter valued at about $28,000. Mechanics Financial Corp purchased a new position in shares of Invesco QQQ during the second quarter worth $30,000. Chelsea Counsel Co. acquired a new position in Invesco QQQ during the first quarter valued at $40,000. CGC Financial Services LLC boosted its holdings in Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund's stock valued at $44,000 after purchasing an additional 81 shares during the last quarter. Finally, PFG Private Wealth Management LLC boosted its stake in shares of Invesco QQQ by 572.2% during 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. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Price Performance
Shares of Invesco QQQ stock traded up $1.39 on Tuesday, hitting $501.41. The company's stock had a trading volume of 9,295,616 shares, compared to its average volume of 38,074,766. The firm has a fifty day moving average price of $490.25 and a 200-day moving average price of $475.35. Invesco QQQ has a 1 year low of $382.66 and a 1 year high of $515.58.
Invesco QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.54%.
Invesco QQQ Profile
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Free Report)
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.
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