Empower Advisory Group LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,534 shares of the exchange traded fund's stock after selling 1,812 shares during the period. Empower Advisory Group LLC's holdings in Invesco QQQ were worth $8,558,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ in the 1st quarter worth $28,000. Mechanics Financial Corp bought a new position in shares of Invesco QQQ in the 2nd quarter worth $30,000. Chelsea Counsel Co. bought a new position in shares of Invesco QQQ in the 1st quarter worth $40,000. CGC Financial Services LLC lifted its holdings in shares of Invesco QQQ by 736.4% in the 2nd 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. Finally, PFG Private Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 572.2% in the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund's stock worth $58,000 after purchasing an additional 103 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Trading Down 0.7 %
NASDAQ QQQ traded down $3.56 on Thursday, reaching $508.69. The company had a trading volume of 28,527,304 shares, compared to its average volume of 38,192,770. The company's fifty day moving average is $487.42 and its 200 day moving average is $473.42. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58.
Invesco QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, September 23rd.
Invesco QQQ Company Profile
(
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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