Invesco QQQ (NASDAQ:QQQ) Shares Sold by Systelligence LLC

Systelligence LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 25,624 shares of the exchange traded fund’s stock after selling 394 shares during the quarter. Invesco QQQ accounts for 3.1% of Systelligence LLC’s holdings, making the stock its 13th largest position. Systelligence LLC’s holdings in Invesco QQQ were worth $12,506,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Northeast Investment Management raised its holdings in shares of Invesco QQQ by 0.6% during the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after acquiring an additional 20 shares during the period. Prospect Financial Services LLC increased its stake in Invesco QQQ by 0.3% in the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after buying an additional 21 shares during the last quarter. Skyline Advisors Inc. increased its stake in Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after buying an additional 21 shares during the last quarter. Madden Advisory Services Inc. increased its stake in Invesco QQQ by 0.9% in the 3rd quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after buying an additional 21 shares during the last quarter. Finally, Meridian Management Co. increased its stake in Invesco QQQ by 0.6% in the 3rd quarter. Meridian Management Co. now owns 3,361 shares of the exchange traded fund’s stock valued at $1,640,000 after buying an additional 21 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.1 %

Shares of QQQ stock opened at $513.84 on Tuesday. Invesco QQQ has a 1 year low of $375.24 and a 1 year high of $515.58. The firm’s fifty day moving average price is $485.37 and its two-hundred day moving average price is $472.57.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.53%.

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.