Invesco QQQ (NASDAQ:QQQ) Shares Sold by Strait & Sound Wealth Management LLC

Strait & Sound Wealth Management LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,488 shares of the exchange traded fund’s stock after selling 363 shares during the period. Invesco QQQ accounts for approximately 1.5% of Strait & Sound Wealth Management LLC’s investment portfolio, making the stock its 11th biggest position. Strait & Sound Wealth Management LLC’s holdings in Invesco QQQ were worth $3,167,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Invesco QQQ by 5.0% during the first quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock worth $7,779,000 after purchasing an additional 832 shares during the last quarter. Lantz Financial LLC purchased a new stake in shares of Invesco QQQ in the 2nd quarter valued at approximately $214,000. LVW Advisors LLC acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $203,000. Burke & Herbert Bank & Trust Co. purchased a new stake in shares of Invesco QQQ during the 2nd quarter valued at approximately $203,000. Finally, NorthCrest Asset Manangement LLC raised its position in shares of Invesco QQQ by 0.7% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 4,298 shares of the exchange traded fund’s stock valued at $2,059,000 after buying an additional 29 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.8 %

Shares of Invesco QQQ stock opened at $522.38 on Tuesday. The stock has a 50 day moving average of $500.28 and a 200 day moving average of $482.21. Invesco QQQ has a fifty-two week low of $391.53 and a fifty-two week high of $526.72.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was 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.