Invesco QQQ (NASDAQ:QQQ) Shares Sold by Foresight Capital Management Advisors Inc.

Foresight Capital Management Advisors Inc. decreased its position in Invesco QQQ (NASDAQ:QQQ) by 13.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,448 shares of the exchange traded fund’s stock after selling 3,125 shares during the period. Invesco QQQ accounts for 5.9% of Foresight Capital Management Advisors Inc.’s portfolio, making the stock its 3rd largest position. Foresight Capital Management Advisors Inc.’s holdings in Invesco QQQ were worth $9,980,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. KBC Group NV acquired a new position in Invesco QQQ in the 4th quarter valued at about $488,000. Westwood Holdings Group Inc. grew its stake in shares of Invesco QQQ by 2.8% in the fourth quarter. Westwood Holdings Group Inc. now owns 14,162 shares of the exchange traded fund’s stock worth $5,800,000 after purchasing an additional 392 shares during the last quarter. Evercore Wealth Management LLC increased its stake in shares of Invesco QQQ by 2.2% in the fourth quarter. Evercore Wealth Management LLC now owns 10,262 shares of the exchange traded fund’s stock valued at $4,202,000 after buying an additional 219 shares during the period. Intrepid Capital Management Inc. increased its position in shares of Invesco QQQ by 8.1% during the fourth quarter. Intrepid Capital Management Inc. now owns 2,310 shares of the exchange traded fund’s stock worth $946,000 after buying an additional 173 shares during the period. Finally, XML Financial LLC raised its position in shares of Invesco QQQ by 11.4% in the 4th quarter. XML Financial LLC now owns 6,682 shares of the exchange traded fund’s stock worth $2,736,000 after acquiring an additional 685 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.1 %

Shares of QQQ traded down $5.22 on Monday, reaching $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 firm has a fifty day moving average of $469.56 and a 200-day moving average of $461.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be issued a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.56%. 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.