HM Payson & Co. Sells 159 Shares of Invesco QQQ (NASDAQ:QQQ)

HM Payson & Co. decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 4.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,187 shares of the exchange traded fund’s stock after selling 159 shares during the period. HM Payson & Co.’s holdings in Invesco QQQ were worth $1,556,000 at the end of the most recent reporting period.

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

Invesco QQQ Price Performance

QQQ stock opened at $483.85 on Friday. Invesco QQQ has a one year low of $346.62 and a one year high of $503.52. The firm has a 50-day simple moving average of $481.65 and a two-hundred day simple moving average of $468.15.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were given 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 yield of 0.56%.

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.