Maple Capital Management Inc. Sells 262 Shares of Invesco QQQ (NASDAQ:QQQ)

Maple Capital Management Inc. lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 12.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,820 shares of the exchange traded fund’s stock after selling 262 shares during the period. Maple Capital Management Inc.’s holdings in Invesco QQQ were worth $888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ during the first quarter worth approximately $28,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ during the second quarter worth approximately $30,000. Chelsea Counsel Co. acquired a new stake in Invesco QQQ during the first quarter worth approximately $40,000. CGC Financial Services LLC grew its position in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 81 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. grew its position in Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 24 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $492.05 on Tuesday. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The business’s 50 day simple moving average is $478.57 and its 200 day simple moving average is $465.57.

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 given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend 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.