Invesco QQQ (NASDAQ:QQQ) Shares Sold by Waldron Private Wealth LLC

Waldron Private Wealth LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,607 shares of the exchange traded fund’s stock after selling 53 shares during the quarter. Waldron Private Wealth LLC’s holdings in Invesco QQQ were worth $1,761,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Atwater Malick LLC purchased a new position in shares of Invesco QQQ in the 1st quarter valued at about $293,000. Westwood Holdings Group Inc. boosted its holdings in Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after purchasing an additional 1,993 shares in the last quarter. Socha Financial Group LLC raised its holdings in Invesco QQQ by 1.3% during the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after purchasing an additional 1,153 shares in the last quarter. SVB Wealth LLC lifted its position in shares of Invesco QQQ by 15.2% during the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after buying an additional 2,453 shares during the last quarter. Finally, WFA Asset Management Corp boosted its holdings in shares of Invesco QQQ by 70.6% in the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock valued at $2,032,000 after buying an additional 1,894 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.1 %

NASDAQ QQQ opened at $495.96 on Wednesday. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52. The firm’s fifty day moving average price is $479.23 and its 200 day moving average price is $465.96.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend 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.