Pathway Financial Advisers LLC Sells 41 Shares of Invesco QQQ (NASDAQ:QQQ)

Pathway Financial Advisers LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 9.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 392 shares of the exchange traded fund’s stock after selling 41 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Invesco QQQ were worth $191,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ during the first quarter worth about $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ during the 2nd quarter worth approximately $30,000. Chelsea Counsel Co. acquired a new position in Invesco QQQ in the 1st quarter valued at approximately $40,000. CGC Financial Services LLC increased its position in Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. raised its stake in shares of Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after acquiring an additional 24 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $496.38 on Thursday. Invesco QQQ has a twelve month low of $346.62 and a twelve month high of $503.52. The company’s fifty day moving average is $481.47 and its 200 day moving average is $468.04.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.