Invesco QQQ (NASDAQ:QQQ) is Apollon Wealth Management LLC’s 8th Largest Position

Apollon Wealth Management LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 6.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,893 shares of the exchange traded fund’s stock after selling 7,677 shares during the period. Invesco QQQ makes up approximately 1.5% of Apollon Wealth Management LLC’s holdings, making the stock its 8th biggest position. Apollon Wealth Management LLC’s holdings in Invesco QQQ were worth $53,635,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of QQQ. New Covenant Trust Company N.A. purchased a new position in Invesco QQQ in the 1st quarter worth about $28,000. Mechanics Financial Corp purchased a new position in Invesco QQQ in the 2nd quarter worth about $30,000. Chelsea Counsel Co. purchased a new position in Invesco QQQ in the 1st quarter worth about $40,000. CGC Financial Services LLC raised its position in Invesco QQQ by 736.4% in the 2nd 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 during the last quarter. Finally, PFG Private Wealth Management LLC raised its position in Invesco QQQ by 572.2% in the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 103 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $513.84 on Tuesday. Invesco QQQ has a fifty-two week low of $375.24 and a fifty-two week high of $515.58. The business has a 50-day simple moving average of $484.62 and a two-hundred day simple moving average of $471.94.

Invesco QQQ Cuts Dividend

The firm also recently announced 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.