Invesco QQQ (NASDAQ:QQQ) Shares Sold by FWG Holdings LLC

FWG Holdings LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,393 shares of the exchange traded fund’s stock after selling 402 shares during the period. Invesco QQQ makes up about 8.4% of FWG Holdings LLC’s portfolio, making the stock its 3rd biggest holding. FWG Holdings LLC’s holdings in Invesco QQQ were worth $17,038,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ during the 1st quarter worth approximately $28,000. Mechanics Financial Corp bought a new position in Invesco QQQ during the 2nd quarter worth $30,000. Chelsea Counsel Co. bought a new position in Invesco QQQ during the 1st quarter worth $40,000. CGC Financial Services LLC increased its stake in 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 acquiring an additional 81 shares during the period. Finally, PFG Private Wealth Management LLC increased its stake in Invesco QQQ by 572.2% during the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 103 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $500.02 on Tuesday. The stock’s fifty day moving average price is $490.25 and its two-hundred day moving average price is $475.35. Invesco QQQ has a one year low of $382.66 and a one year high of $515.58.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a dividend of $0.677 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.54%.

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.