Rockingstone Advisors LLC Sells 125 Shares of Invesco QQQ (NASDAQ:QQQ)

Rockingstone Advisors LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 7.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,635 shares of the exchange traded fund’s stock after selling 125 shares during the period. Rockingstone Advisors LLC’s holdings in Invesco QQQ were worth $798,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of QQQ. Visionary Wealth Advisors boosted its stake in Invesco QQQ by 6.3% in the fourth quarter. Visionary Wealth Advisors now owns 9,316 shares of the exchange traded fund’s stock valued at $3,815,000 after acquiring an additional 556 shares in the last quarter. Hancock Whitney Corp raised its holdings in shares of Invesco QQQ by 311.7% in the fourth quarter. Hancock Whitney Corp now owns 11,602 shares of the exchange traded fund’s stock worth $4,751,000 after buying an additional 8,784 shares during the last quarter. BOKF NA raised its holdings in shares of Invesco QQQ by 6.6% in the fourth quarter. BOKF NA now owns 116,219 shares of the exchange traded fund’s stock worth $47,594,000 after buying an additional 7,157 shares during the last quarter. Oribel Capital Management LP raised its holdings in shares of Invesco QQQ by 109.8% in the fourth quarter. Oribel Capital Management LP now owns 2,150 shares of the exchange traded fund’s stock worth $880,000 after buying an additional 1,125 shares during the last quarter. Finally, First Financial Bankshares Inc purchased a new position in shares of Invesco QQQ in the fourth quarter worth $296,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.5 %

NASDAQ QQQ opened at $489.30 on Wednesday. The company has a fifty day simple moving average of $469.92 and a two-hundred day simple moving average of $462.07. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be issued a $0.677 dividend. 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.