Hurlow Wealth Management Group Inc. Sells 183 Shares of Invesco QQQ (NASDAQ:QQQ)

Hurlow Wealth Management Group Inc. lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 7.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,189 shares of the exchange traded fund’s stock after selling 183 shares during the period. Hurlow Wealth Management Group Inc.’s holdings in Invesco QQQ were worth $1,068,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its stake in Invesco QQQ by 7.3% in the second quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock valued at $2,379,676,000 after buying an additional 338,494 shares in the last quarter. Global Assets Advisory LLC bought a new stake in Invesco QQQ in the first quarter valued at approximately $1,580,776,000. Steel Grove Capital Advisors LLC lifted its stake in Invesco QQQ by 934.0% in the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after buying an additional 3,102,568 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco QQQ by 1.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock valued at $1,532,904,000 after buying an additional 33,790 shares during the period. Finally, Strategic Financial Concepts LLC lifted its stake in Invesco QQQ by 18,691.3% in the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after buying an additional 2,762,571 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ traded down $5.22 during trading on Monday, hitting $482.10. The company’s stock had a trading volume of 24,248,670 shares, compared to its average volume of 39,608,520. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The stock’s fifty day moving average price is $469.56 and its 200-day moving average price is $461.81.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Monday, September 23rd.

About Invesco QQQ

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.