Regatta Capital Group LLC Lowers Holdings in Invesco QQQ (NASDAQ:QQQ)

Regatta Capital Group LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 11.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,698 shares of the exchange traded fund’s stock after selling 228 shares during the quarter. Regatta Capital Group LLC’s holdings in Invesco QQQ were worth $829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. CJM Wealth Advisers Ltd. boosted its holdings in shares of Invesco QQQ by 48.7% during the 1st quarter. CJM Wealth Advisers Ltd. now owns 108,320 shares of the exchange traded fund’s stock valued at $48,095,000 after purchasing an additional 35,492 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its stake in Invesco QQQ by 10.5% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 10,499 shares of the exchange traded fund’s stock valued at $4,662,000 after buying an additional 994 shares during the last quarter. New Capital Management LP purchased a new position in Invesco QQQ during the 1st quarter valued at approximately $387,000. Farmers Trust Co. increased its stake in Invesco QQQ by 29.8% in the 1st quarter. Farmers Trust Co. now owns 11,426 shares of the exchange traded fund’s stock worth $5,073,000 after acquiring an additional 2,623 shares during the last quarter. Finally, Monterey Private Wealth Inc. raised its holdings in shares of Invesco QQQ by 6.3% during the 1st quarter. Monterey Private Wealth Inc. now owns 12,494 shares of the exchange traded fund’s stock worth $5,547,000 after acquiring an additional 744 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.3 %

NASDAQ QQQ opened at $490.85 on Wednesday. The stock has a 50 day moving average price of $474.82 and a 200-day moving average price of $464.10. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. The ex-dividend date is Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.55%.

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.