SMART Wealth LLC Sells 2,761 Shares of Invesco QQQ (NASDAQ:QQQ)

SMART Wealth LLC cut its position in Invesco QQQ (NASDAQ:QQQ) by 26.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,760 shares of the exchange traded fund’s stock after selling 2,761 shares during the quarter. Invesco QQQ makes up approximately 1.5% of SMART Wealth LLC’s investment portfolio, making the stock its 18th largest holding. SMART Wealth LLC’s holdings in Invesco QQQ were worth $3,787,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in QQQ. Northeast Investment Management increased its position in Invesco QQQ by 0.6% during the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after buying an additional 20 shares during the period. Planning Capital Management Corp increased its holdings in shares of Invesco QQQ by 7.1% in the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 20 shares during the period. Skyline Advisors Inc. increased its holdings in shares of Invesco QQQ by 5.0% in the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after purchasing an additional 21 shares during the period. Madden Advisory Services Inc. increased its holdings in shares of Invesco QQQ by 0.9% in the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after purchasing an additional 21 shares during the period. Finally, Meridian Management Co. increased its holdings in shares of Invesco QQQ by 0.6% in the third quarter. Meridian Management Co. now owns 3,361 shares of the exchange traded fund’s stock valued at $1,640,000 after purchasing an additional 21 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.8 %

QQQ opened at $530.53 on Monday. The business’s fifty day moving average is $503.79 and its two-hundred day moving average is $484.15. Invesco QQQ has a one year low of $395.34 and a one year high of $533.17.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.51%.

About Invesco QQQ

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.