Tandem Capital Management Corp ADV Sells 50 Shares of Invesco QQQ (NASDAQ:QQQ)

Tandem Capital Management Corp ADV lowered its position in Invesco QQQ (NASDAQ:QQQ) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,157 shares of the exchange traded fund’s stock after selling 50 shares during the period. Tandem Capital Management Corp ADV’s holdings in Invesco QQQ were worth $565,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Westwood Holdings Group Inc. raised its stake in shares of 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 acquiring an additional 1,993 shares during the last quarter. Socha Financial Group LLC raised its stake in shares of Invesco QQQ by 1.3% in the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after acquiring an additional 1,153 shares during the last quarter. SVB Wealth LLC increased its holdings in shares of Invesco QQQ by 15.2% in the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after purchasing an additional 2,453 shares in the last quarter. WFA Asset Management Corp increased its holdings in shares of Invesco QQQ by 70.6% in the first quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock valued at $2,032,000 after purchasing an additional 1,894 shares in the last quarter. Finally, Daymark Wealth Partners LLC increased its holdings in shares of Invesco QQQ by 30.4% in the second quarter. Daymark Wealth Partners LLC now owns 17,239 shares of the exchange traded fund’s stock valued at $8,259,000 after purchasing an additional 4,015 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $496.38 on Thursday. The firm has a 50 day simple moving average of $481.47 and a 200 day simple moving average of $468.04. Invesco QQQ has a fifty-two week low of $346.62 and a fifty-two week high of $503.52.

Invesco QQQ Cuts Dividend

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