Invesco QQQ (NASDAQ:QQQ) Shares Sold by Members Trust Co

Members Trust Co lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 24.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 598 shares of the exchange traded fund’s stock after selling 190 shares during the period. Members Trust Co’s holdings in Invesco QQQ were worth $292,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of QQQ. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ in the first quarter valued at $28,000. Deane Retirement Strategies Inc. acquired a new position in shares of Invesco QQQ during the 1st quarter valued at $29,000. Mechanics Financial Corp purchased a new position in shares of Invesco QQQ in the second quarter valued at $30,000. Chelsea Counsel Co. acquired a new stake in shares of Invesco QQQ during the first quarter worth approximately $40,000. Finally, CGC Financial Services LLC increased its holdings in Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 81 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 1.4 %

Shares of Invesco QQQ stock traded down $7.11 during trading hours on Tuesday, reaching $490.39. The company’s stock had a trading volume of 23,402,246 shares, compared to its average volume of 39,165,098. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The company’s 50 day simple moving average is $473.79 and its 200 day simple moving average is $463.77.

Invesco QQQ Cuts Dividend

The business also recently declared 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 dividend yield of 0.55%. The ex-dividend date is Monday, September 23rd.

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.