Invesco QQQ (NASDAQ:QQQ) Stock Holdings Cut by JBR Co Financial Management Inc

JBR Co Financial Management Inc trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.5% during the third quarter, HoldingsChannel reports. The firm owned 8,831 shares of the exchange traded fund’s stock after selling 40 shares during the quarter. Invesco QQQ accounts for about 2.8% of JBR Co Financial Management Inc’s investment portfolio, making the stock its 7th biggest holding. JBR Co Financial Management Inc’s holdings in Invesco QQQ were worth $4,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ during the 1st quarter worth $28,000. Deane Retirement Strategies Inc. bought a new stake in shares of Invesco QQQ during the 1st quarter worth $29,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ during the 2nd quarter worth $30,000. Voisard Asset Management Group Inc. bought a new stake in shares of Invesco QQQ during the 4th quarter worth $35,000. Finally, Chelsea Counsel Co. bought a new stake in shares of Invesco QQQ during the 1st quarter worth $40,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.2 %

Shares of NASDAQ QQQ traded up $0.77 during mid-day trading on Friday, reaching $493.36. 20,644,497 shares of the company’s stock were exchanged, compared to its average volume of 39,311,230. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52. The firm has a 50-day moving average price of $472.55 and a two-hundred day moving average price of $463.27.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be paid a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Monday, September 23rd.

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.