Williams & Novak LLC Sells 117 Shares of Invesco QQQ (NASDAQ:QQQ)

Williams & Novak LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,240 shares of the exchange traded fund’s stock after selling 117 shares during the period. Invesco QQQ accounts for about 1.0% of Williams & Novak LLC’s investment portfolio, making the stock its 29th largest holding. Williams & Novak LLC’s holdings in Invesco QQQ were worth $1,093,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. KBC Group NV bought a new position in Invesco QQQ during the 4th quarter valued at approximately $488,000. XML Financial LLC increased its position in Invesco QQQ by 11.4% during the 4th quarter. XML Financial LLC now owns 6,682 shares of the exchange traded fund’s stock valued at $2,736,000 after buying an additional 685 shares in the last quarter. Visionary Wealth Advisors increased its position in Invesco QQQ by 6.3% during the 4th quarter. Visionary Wealth Advisors now owns 9,316 shares of the exchange traded fund’s stock valued at $3,815,000 after buying an additional 556 shares in the last quarter. MGO One Seven LLC increased its position in Invesco QQQ by 19.9% during the 4th quarter. MGO One Seven LLC now owns 29,021 shares of the exchange traded fund’s stock valued at $11,885,000 after buying an additional 4,822 shares in the last quarter. Finally, Greystone Financial Group LLC increased its position in Invesco QQQ by 60.4% during the 4th quarter. Greystone Financial Group LLC now owns 2,390 shares of the exchange traded fund’s stock valued at $979,000 after buying an additional 900 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.1 %

QQQ stock opened at $482.10 on Tuesday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The business has a 50 day moving average of $469.56 and a 200 day moving average of $461.81.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors 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 yield of 0.56%. The ex-dividend date is Monday, September 23rd.

Invesco QQQ Company 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.