Invesco QQQ (NASDAQ:QQQ) Shares Sold by Mainsail Financial Group LLC

Mainsail Financial Group LLC trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 23.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,142 shares of the exchange traded fund’s stock after selling 1,300 shares during the quarter. Invesco QQQ accounts for 1.2% of Mainsail Financial Group LLC’s holdings, making the stock its 23rd largest holding. Mainsail Financial Group LLC’s holdings in Invesco QQQ were worth $2,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Riverview Trust Co purchased a new position in shares of Invesco QQQ in the 1st quarter valued at about $48,000. Sound Income Strategies LLC increased its holdings in shares of Invesco QQQ by 230.0% in the 1st quarter. Sound Income Strategies LLC now owns 4,749 shares of the exchange traded fund’s stock valued at $2,109,000 after acquiring an additional 3,310 shares during the last quarter. RMR Wealth Builders increased its holdings in shares of Invesco QQQ by 0.4% in the 1st quarter. RMR Wealth Builders now owns 11,214 shares of the exchange traded fund’s stock valued at $4,979,000 after acquiring an additional 50 shares during the last quarter. Brookstone Capital Management boosted its position in shares of Invesco QQQ by 2.1% in the 1st quarter. Brookstone Capital Management now owns 339,717 shares of the exchange traded fund’s stock valued at $150,838,000 after purchasing an additional 6,881 shares during the period. Finally, Whitcomb & Hess Inc. acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at about $355,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $495.96 on Wednesday. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52. The business has a 50-day moving average price of $479.23 and a 200 day moving average price of $465.96.

Invesco QQQ Cuts Dividend

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

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.