Invesco QQQ (NASDAQ:QQQ) Shares Sold by 1834 Investment Advisors Co.

1834 Investment Advisors Co. reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 51.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 551 shares of the exchange traded fund’s stock after selling 592 shares during the quarter. 1834 Investment Advisors Co.’s holdings in Invesco QQQ were worth $269,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Wisconsin Capital Management LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter valued at $306,000. Catalina Capital Group LLC boosted its position in shares of Invesco QQQ by 10.6% in the third quarter. Catalina Capital Group LLC now owns 3,176 shares of the exchange traded fund’s stock worth $1,550,000 after buying an additional 305 shares during the period. Tobias Financial Advisors Inc. raised its holdings in shares of Invesco QQQ by 50.8% during the 3rd quarter. Tobias Financial Advisors Inc. now owns 790 shares of the exchange traded fund’s stock valued at $386,000 after buying an additional 266 shares during the period. Flagship Private Wealth LLC lifted its position in Invesco QQQ by 8.6% during the 3rd quarter. Flagship Private Wealth LLC now owns 12,164 shares of the exchange traded fund’s stock worth $5,937,000 after acquiring an additional 964 shares in the last quarter. Finally, HMS Capital Management LLC boosted its holdings in Invesco QQQ by 8.8% in the 3rd quarter. HMS Capital Management LLC now owns 24,419 shares of the exchange traded fund’s stock worth $11,918,000 after acquiring an additional 1,982 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $505.58 on Thursday. Invesco QQQ has a twelve month low of $369.05 and a twelve month high of $506.41. The firm has a fifty day simple moving average of $483.00 and a 200-day simple moving average of $470.34.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, September 23rd.

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.