Invesco QQQ (NASDAQ:QQQ) Shares Sold by Consolidated Capital Management LLC

Consolidated Capital Management LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 6.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 2,520 shares of the exchange traded fund’s stock after selling 163 shares during the quarter. Invesco QQQ comprises about 0.5% of Consolidated Capital Management LLC’s portfolio, making the stock its 24th largest position. Consolidated Capital Management LLC’s holdings in Invesco QQQ were worth $1,230,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in QQQ. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ during the 1st quarter worth $28,000. Mechanics Financial Corp purchased a new stake in Invesco QQQ during the 2nd quarter valued at about $30,000. Chelsea Counsel Co. acquired a new stake in Invesco QQQ in the 1st quarter valued at about $40,000. CGC Financial Services LLC boosted its holdings in shares of Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. boosted its holdings in shares of Invesco QQQ by 30.4% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.7 %

Shares of Invesco QQQ stock opened at $494.27 on Thursday. The business’s 50 day moving average price is $475.94 and its 200 day moving average price is $464.29. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.

Invesco QQQ Cuts Dividend

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