Wealth Architects LLC Trims Stock Position in Invesco QQQ (NASDAQ:QQQ)

Wealth Architects LLC reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 7.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,378 shares of the exchange traded fund’s stock after selling 182 shares during the period. Wealth Architects LLC’s holdings in Invesco QQQ were worth $1,161,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ in the 1st quarter valued at $28,000. Mechanics Financial Corp purchased a new stake in shares of Invesco QQQ in the second quarter valued at about $30,000. Chelsea Counsel Co. acquired a new position in shares of Invesco QQQ during the first quarter worth about $40,000. CGC Financial Services LLC raised its holdings in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. lifted its position in Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.7 %

NASDAQ QQQ opened at $505.58 on Thursday. The business’s 50 day moving average is $483.00 and its two-hundred day moving average is $470.34. Invesco QQQ has a 12-month low of $369.05 and a 12-month high of $506.41.

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 dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Monday, September 23rd.

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.