Invesco QQQ (NASDAQ:QQQ) is Traction Financial Partners LLC's 2nd Largest Position

Traction Financial Partners LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,477 shares of the exchange traded fund's stock after selling 3,004 shares during the period. Invesco QQQ accounts for 10.9% of Traction Financial Partners LLC's investment portfolio, making the stock its 2nd biggest position. Traction Financial Partners LLC's holdings in Invesco QQQ were worth $13,899,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northeast Investment Management increased its holdings in shares of Invesco QQQ by 0.6% in the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund's stock valued at $1,697,000 after acquiring an additional 20 shares during the period. Planning Capital Management Corp boosted its position in Invesco QQQ by 7.1% during the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund's stock valued at $146,000 after purchasing an additional 20 shares in the last quarter. Prospect Financial Services LLC grew its stake in Invesco QQQ by 0.3% in the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund's stock valued at $3,059,000 after purchasing an additional 21 shares during the last quarter. Skyline Advisors Inc. boosted its holdings in shares of Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund's stock valued at $215,000 after buying an additional 21 shares in the last quarter. Finally, Madden Advisory Services Inc. raised its stake in shares of Invesco QQQ by 0.9% during the 3rd quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund's stock worth $1,214,000 after acquiring an additional 21 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

NASDAQ QQQ traded down $3.56 on Thursday, hitting $508.69. The stock had a trading volume of 28,527,304 shares, compared to its average volume of 38,192,770. The business's fifty day moving average price is $487.42 and its 200 day moving average price 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. Investors of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.53%. The ex-dividend date 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.