Strategic Advisors LLC Sells 2,658 Shares of Invesco QQQ (NASDAQ:QQQ)

Strategic Advisors LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 18.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,826 shares of the exchange traded fund’s stock after selling 2,658 shares during the period. Invesco QQQ makes up about 1.1% of Strategic Advisors LLC’s portfolio, making the stock its 23rd largest position. Strategic Advisors LLC’s holdings in Invesco QQQ were worth $5,772,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in QQQ. Global Assets Advisory LLC purchased a new position in shares of Invesco QQQ during the 1st quarter valued at approximately $1,580,776,000. Steel Grove Capital Advisors LLC grew its position in Invesco QQQ by 934.0% in the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after acquiring an additional 3,102,568 shares during the period. Strategic Financial Concepts LLC increased its stake in Invesco QQQ by 18,691.3% during the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after acquiring an additional 2,762,571 shares during the last quarter. Granite Bay Wealth Management LLC raised its position in Invesco QQQ by 6,215.5% in the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after purchasing an additional 894,532 shares during the period. Finally, Harvard Management Co. Inc. acquired a new position in shares of Invesco QQQ in the 1st quarter valued at $304,591,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.1 %

Shares of NASDAQ:QQQ traded down $0.31 during midday trading on Thursday, reaching $492.84. 16,238,112 shares of the company’s stock were exchanged, compared to its average volume of 39,358,344. The firm’s 50 day simple moving average is $471.00 and its two-hundred day simple moving average is $462.58. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

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. 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%.

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.