Soltis Investment Advisors LLC Reduces Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Soltis Investment Advisors LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,533 shares of the exchange traded fund's stock after selling 1,654 shares during the quarter. Invesco QQQ accounts for about 1.2% of Soltis Investment Advisors LLC's holdings, making the stock its 16th biggest holding. Soltis Investment Advisors LLC's holdings in Invesco QQQ were worth $11,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. International Assets Investment Management LLC grew its stake in Invesco QQQ by 46,491.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund's stock worth $15,904,322,000 after purchasing an additional 32,516,210 shares in the last quarter. Strategic Financial Concepts LLC grew its position in shares of 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 in the last quarter. Granite Bay Wealth Management LLC increased its stake in shares of Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund's stock worth $409,513,000 after buying an additional 894,532 shares during the period. Toronto Dominion Bank raised its holdings in Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock valued at $2,080,052,000 after acquiring an additional 488,815 shares in the last quarter. Finally, Mirae Asset Securities USA Inc. purchased a new position in Invesco QQQ in the second quarter worth approximately $215,600,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.8 %

Shares of NASDAQ:QQQ traded up $9.32 during trading hours on Wednesday, reaching $529.92. The stock had a trading volume of 31,443,828 shares, compared to its average volume of 37,294,344. Invesco QQQ has a 1 year low of $394.41 and a 1 year high of $530.61. The firm's 50 day moving average is $501.06 and its 200-day moving average is $482.65.

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 issued a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend 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.