Denver PWM LLC Sells 195 Shares of Invesco QQQ (NASDAQ:QQQ)

Denver PWM LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 5.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,258 shares of the exchange traded fund’s stock after selling 195 shares during the period. Invesco QQQ makes up approximately 0.6% of Denver PWM LLC’s portfolio, making the stock its 29th biggest holding. Denver PWM LLC’s holdings in Invesco QQQ were worth $1,590,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of QQQ. Mechanics Financial Corp bought a new stake in Invesco QQQ during the second quarter worth about $30,000. Legacy Bridge LLC raised its holdings in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares in the last quarter. BNP Paribas bought a new stake in Invesco QQQ in the 3rd quarter worth approximately $62,000. CarsonAllaria Wealth Management Ltd. boosted its stake in Invesco QQQ by 27.2% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 131 shares of the exchange traded fund’s stock worth $63,000 after buying an additional 28 shares in the last quarter. Finally, Bray Capital Advisors grew its position in Invesco QQQ by 78.0% during the second quarter. Bray Capital Advisors now owns 146 shares of the exchange traded fund’s stock valued at $70,000 after acquiring an additional 64 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $526.50 on Friday. The company’s 50 day moving average price is $502.92 and its two-hundred day moving average price is $483.29. Invesco QQQ has a one year low of $395.34 and a one year high of $530.61.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.51%.

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.