Invesco QQQ (NASDAQ:QQQ) Shares Sold by CenterStar Asset Management LLC

CenterStar Asset Management LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,004 shares of the exchange traded fund’s stock after selling 51 shares during the quarter. Invesco QQQ accounts for 0.4% of CenterStar Asset Management LLC’s holdings, making the stock its 5th biggest position. CenterStar Asset Management LLC’s holdings in Invesco QQQ were worth $1,954,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of QQQ. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $28,000. Deane Retirement Strategies Inc. bought a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $29,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $30,000. Voisard Asset Management Group Inc. bought a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $35,000. Finally, Chelsea Counsel Co. bought a new stake in Invesco QQQ in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.2 %

QQQ traded up $0.77 during trading hours on Friday, reaching $493.36. The company’s stock had a trading volume of 20,644,497 shares, compared to its average volume of 39,311,230. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52. The company’s 50-day moving average is $472.55 and its 200-day moving average is $463.27.

Invesco QQQ Cuts Dividend

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

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.