Invesco QQQ (NASDAQ:QQQ) Position Lessened by Birchcreek Wealth Management LLC

Birchcreek Wealth Management LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 29.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,740 shares of the exchange traded fund's stock after selling 1,164 shares during the period. Invesco QQQ makes up approximately 0.9% of Birchcreek Wealth Management LLC's portfolio, making the stock its 25th biggest holding. Birchcreek Wealth Management LLC's holdings in Invesco QQQ were worth $1,337,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in shares of Invesco QQQ by 46,491.6% in the third 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 in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Invesco QQQ by 7.3% in the second quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund's stock valued at $2,379,676,000 after acquiring an additional 338,494 shares in the last quarter. Steel Grove Capital Advisors LLC lifted its position in Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund's stock worth $1,525,067,000 after buying an additional 3,102,568 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Invesco QQQ by 1.1% during the second 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 buying an additional 33,790 shares during the period. Finally, Strategic Financial Concepts LLC lifted its position in Invesco QQQ by 18,691.3% during 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 buying an additional 2,762,571 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

NASDAQ QQQ traded down $12.12 during trading hours on Friday, hitting $496.57. 51,414,443 shares of the company's stock were exchanged, compared to its average volume of 38,252,949. The business's 50 day moving average is $488.38 and its 200-day moving average is $473.67. Invesco QQQ has a 12-month low of $382.66 and a 12-month high of $515.58.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%.

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.