Invesco QQQ (NASDAQ:QQQ) Shares Sold by Atomi Financial Group Inc.

Atomi Financial Group Inc. lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,645 shares of the exchange traded fund’s stock after selling 589 shares during the quarter. Atomi Financial Group Inc.’s holdings in Invesco QQQ were worth $9,588,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of QQQ. New Covenant Trust Company N.A. purchased a new stake in shares of Invesco QQQ during the 1st quarter worth about $28,000. Deane Retirement Strategies Inc. purchased a new position in Invesco QQQ during the first quarter worth approximately $29,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ in the second quarter valued at approximately $30,000. Voisard Asset Management Group Inc. purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $35,000. Finally, Chelsea Counsel Co. acquired a new position in shares of Invesco QQQ during the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock traded up $6.06 during trading on Tuesday, reaching $488.16. The company had a trading volume of 10,085,634 shares, compared to its average volume of 39,457,816. The firm’s 50-day simple moving average is $469.92 and its 200 day simple moving average is $462.07. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.677 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%.

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.