Traphagen Investment Advisors LLC Sells 115 Shares of Invesco QQQ (NASDAQ:QQQ)

Traphagen Investment Advisors LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 20.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 437 shares of the exchange traded fund’s stock after selling 115 shares during the period. Traphagen Investment Advisors LLC’s holdings in Invesco QQQ were worth $213,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Steel Grove Capital Advisors LLC grew its holdings in Invesco QQQ by 934.0% during the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after purchasing an additional 3,102,568 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in shares of 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 valued at $13,307,000 after buying an additional 2,762,571 shares during the last quarter. Granite Bay Wealth Management LLC lifted its stake in shares of Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after acquiring an additional 894,532 shares during the last quarter. Harvard Management Co. Inc. purchased a new position in Invesco QQQ during the 1st quarter valued at $304,591,000. Finally, Mirae Asset Securities USA Inc. bought a new position in Invesco QQQ in the 2nd quarter valued at $215,600,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.2 %

Shares of QQQ traded down $0.78 during trading hours on Tuesday, reaching $494.64. 7,738,946 shares of the company traded hands, compared to its average volume of 38,817,719. The stock’s fifty day moving average price is $478.57 and its 200 day moving average price is $465.57. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders 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 dividend yield of 0.55%. The ex-dividend date of this dividend 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.