Invesco QQQ (NASDAQ:QQQ) Position Lessened by Garde Capital Inc.

Garde Capital Inc. lessened its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,016 shares of the exchange traded fund's stock after selling 1,829 shares during the quarter. Invesco QQQ comprises 1.3% of Garde Capital Inc.'s portfolio, making the stock its 19th biggest holding. Garde Capital Inc.'s holdings in Invesco QQQ were worth $19,531,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Mechanics Financial Corp acquired a new position in Invesco QQQ in the 2nd quarter worth approximately $30,000. Legacy Bridge LLC raised its position in shares of 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 acquired a new stake in shares of Invesco QQQ during the 3rd quarter worth about $62,000. CarsonAllaria Wealth Management Ltd. raised its stake in shares of 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 acquiring an additional 28 shares in the last quarter. Finally, Bray Capital Advisors boosted its holdings in Invesco QQQ by 78.0% in the second quarter. Bray Capital Advisors now owns 146 shares of the exchange traded fund's stock valued at $70,000 after purchasing an additional 64 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.8 %

QQQ stock traded up $4.03 on Friday, reaching $530.53. 28,764,564 shares of the company's stock were exchanged, compared to its average volume of 37,204,984. The stock has a fifty day moving average of $502.92 and a 200-day moving average of $483.29. Invesco QQQ has a twelve month low of $395.34 and a twelve month high of $533.17.

Invesco QQQ Cuts Dividend

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

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.