Invesco QQQ (NASDAQ:QQQ) is Lowery Thomas LLC’s 6th Largest Position

Lowery Thomas LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 5.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,024 shares of the exchange traded fund’s stock after selling 734 shares during the period. Invesco QQQ makes up about 4.3% of Lowery Thomas LLC’s portfolio, making the stock its 6th largest position. Lowery Thomas LLC’s holdings in Invesco QQQ were worth $6,356,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Covenant Trust Company N.A. purchased a new stake in Invesco QQQ in the first quarter valued at about $28,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ in the 2nd quarter worth approximately $30,000. Chelsea Counsel Co. acquired a new position in Invesco QQQ during the 1st quarter valued at approximately $40,000. CGC Financial Services LLC raised its holdings in shares of Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 81 shares during the last quarter. Finally, Legacy Bridge LLC raised its stake in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7 %

Shares of QQQ opened at $500.02 on Tuesday. The stock has a 50-day moving average of $490.25 and a two-hundred day moving average of $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 company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were given a $0.677 dividend. 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.