Seelaus Asset Management LLC Sells 119 Shares of Invesco QQQ (NASDAQ:QQQ)

Seelaus Asset Management LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,288 shares of the exchange traded fund’s stock after selling 119 shares during the quarter. Invesco QQQ makes up approximately 1.0% of Seelaus Asset Management LLC’s holdings, making the stock its 16th largest holding. Seelaus Asset Management LLC’s holdings in Invesco QQQ were worth $1,117,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Coastline Trust Co acquired a new position in Invesco QQQ during the 3rd quarter valued at about $12,044,000. KCM Investment Advisors LLC grew its position in shares of Invesco QQQ by 1.5% during the 3rd quarter. KCM Investment Advisors LLC now owns 43,110 shares of the exchange traded fund’s stock worth $21,040,000 after buying an additional 633 shares during the period. Valley Wealth Managers Inc. raised its stake in shares of Invesco QQQ by 3.9% during the third quarter. Valley Wealth Managers Inc. now owns 1,539 shares of the exchange traded fund’s stock worth $751,000 after buying an additional 58 shares during the last quarter. Archer Investment Corp lifted its holdings in Invesco QQQ by 10.2% in the third quarter. Archer Investment Corp now owns 43,603 shares of the exchange traded fund’s stock valued at $21,281,000 after buying an additional 4,025 shares during the period. Finally, Vectors Research Management LLC boosted its stake in Invesco QQQ by 13.3% in the third quarter. Vectors Research Management LLC now owns 521 shares of the exchange traded fund’s stock valued at $254,000 after acquiring an additional 61 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 2.4 %

QQQ opened at $496.57 on Friday. The company has a fifty day moving average price of $489.33 and a two-hundred day moving average price of $474.11. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $515.58.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend 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.