Olistico Wealth LLC Decreases Position in Invesco QQQ (NASDAQ:QQQ)

Olistico Wealth LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 29.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 517 shares of the exchange traded fund’s stock after selling 215 shares during the quarter. Olistico Wealth LLC’s holdings in Invesco QQQ were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Trust Co of Kansas purchased a new stake in Invesco QQQ in the third quarter valued at approximately $227,000. City Holding Co. lifted its stake in Invesco QQQ by 13.1% in the third quarter. City Holding Co. now owns 7,306 shares of the exchange traded fund’s stock valued at $3,566,000 after buying an additional 847 shares during the last quarter. Marion Wealth Management purchased a new stake in Invesco QQQ in the third quarter valued at approximately $209,000. Advance Capital Management Inc. lifted its stake in Invesco QQQ by 7.9% in the third quarter. Advance Capital Management Inc. now owns 6,707 shares of the exchange traded fund’s stock valued at $3,274,000 after buying an additional 493 shares during the last quarter. Finally, Blue Zone Wealth Advisors LLC lifted its stake in Invesco QQQ by 5.8% in the third quarter. Blue Zone Wealth Advisors LLC now owns 41,387 shares of the exchange traded fund’s stock valued at $20,200,000 after buying an additional 2,254 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.5 %

Shares of NASDAQ QQQ opened at $489.30 on Wednesday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The stock has a 50 day moving average of $469.92 and a two-hundred day moving average of $462.07.

Invesco QQQ Cuts Dividend

The business also recently declared 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. This represents a $2.71 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is 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.