Invesco QQQ (NASDAQ:QQQ) Shares Sold by Mine & Arao Wealth Creation & Management LLC.

Mine & Arao Wealth Creation & Management LLC. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,428 shares of the exchange traded fund’s stock after selling 3,593 shares during the quarter. Invesco QQQ accounts for 18.7% of Mine & Arao Wealth Creation & Management LLC.’s portfolio, making the stock its largest holding. Mine & Arao Wealth Creation & Management LLC.’s holdings in Invesco QQQ were worth $40,231,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. New Covenant Trust Company N.A. bought a new position in Invesco QQQ in the first quarter worth $28,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ during the 2nd quarter valued at about $30,000. Chelsea Counsel Co. bought a new stake in Invesco QQQ in the first quarter valued at about $40,000. CGC Financial Services LLC raised its position 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 worth $44,000 after purchasing an additional 81 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. lifted its stake 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 purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.6 %

NASDAQ QQQ opened at $513.54 on Friday. Invesco QQQ has a 1-year low of $369.57 and a 1-year high of $514.33. The stock’s 50 day moving average is $483.00 and its two-hundred day moving average is $470.34.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was 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.