Consilium Wealth Advisory LLC Decreases Holdings in Invesco QQQ (NASDAQ:QQQ)

Consilium Wealth Advisory LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 4.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,140 shares of the exchange traded fund’s stock after selling 51 shares during the quarter. Consilium Wealth Advisory LLC’s holdings in Invesco QQQ were worth $556,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Northeast Investment Management grew its position in Invesco QQQ by 0.6% during the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after purchasing an additional 20 shares during the last quarter. Prospect Financial Services LLC grew its holdings in shares of Invesco QQQ by 0.3% during the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after buying an additional 21 shares during the last quarter. Skyline Advisors Inc. grew its holdings in shares of Invesco QQQ by 5.0% during the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after buying an additional 21 shares during the last quarter. Madden Advisory Services Inc. increased its position in shares of Invesco QQQ by 0.9% during the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after acquiring an additional 21 shares in the last quarter. Finally, Sweeney & Michel LLC raised its holdings in Invesco QQQ by 4.0% in the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after acquiring an additional 22 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ stock traded up $10.26 during midday trading on Wednesday, hitting $502.47. The company’s stock had a trading volume of 13,397,911 shares, compared to its average volume of 38,370,230. The firm’s 50-day moving average is $482.32 and its 200-day moving average is $470.09. Invesco QQQ has a 12 month low of $369.05 and a 12 month high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.54%.

Invesco QQQ Company 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.