Natixis Advisors LLC Sells 1,557 Shares of Invesco QQQ (NASDAQ:QQQ)

Natixis Advisors LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 27,571 shares of the exchange traded fund's stock after selling 1,557 shares during the period. Natixis Advisors LLC's holdings in Invesco QQQ were worth $13,457,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Westwood Holdings Group Inc. increased its stake in Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund's stock valued at $7,173,000 after purchasing an additional 1,993 shares in the last quarter. Socha Financial Group LLC increased its position in Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund's stock valued at $44,732,000 after buying an additional 2,171 shares in the last quarter. Archer Investment Corp boosted its holdings in Invesco QQQ by 10.2% in the third quarter. Archer Investment Corp now owns 43,603 shares of the exchange traded fund's stock worth $21,281,000 after acquiring an additional 4,025 shares in the last quarter. Bank Hapoalim BM grew its stake in Invesco QQQ by 5.5% in the third quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund's stock valued at $59,250,000 after acquiring an additional 6,347 shares during the period. Finally, Arrow Financial Corp increased its holdings in shares of Invesco QQQ by 7.2% during the third quarter. Arrow Financial Corp now owns 141,366 shares of the exchange traded fund's stock valued at $68,997,000 after acquiring an additional 9,516 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.4 %

Shares of NASDAQ QQQ opened at $501.06 on Thursday. Invesco QQQ has a fifty-two week low of $382.66 and a fifty-two week high of $515.58. The firm's 50-day simple moving average is $491.83 and its 200 day simple moving average is $476.02.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a dividend of $0.677 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.54%.

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.