Invesco QQQ (NASDAQ:QQQ) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. decreased its position in Invesco QQQ (NASDAQ:QQQ) by 23.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,433 shares of the exchange traded fund’s stock after selling 36,009 shares during the period. Invesco QQQ comprises 3.7% of Centaurus Financial Inc.’s portfolio, making the stock its largest holding. Centaurus Financial Inc.’s holdings in Invesco QQQ were worth $58,292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new position in Invesco QQQ in the first quarter worth $28,000. Mechanics Financial Corp acquired a new position in shares of Invesco QQQ during the 2nd quarter worth $30,000. Chelsea Counsel Co. purchased a new position in shares of Invesco QQQ in the 1st quarter valued at about $40,000. CGC Financial Services LLC lifted its stake in shares of Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 81 shares during the period. Finally, PFG Private Wealth Management LLC boosted its stake in shares of Invesco QQQ by 572.2% during the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 103 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.2 %

Shares of QQQ stock opened at $505.79 on Friday. Invesco QQQ has a 1 year low of $382.66 and a 1 year high of $515.58. The stock has a fifty day moving average price of $493.08 and a 200 day moving average price of $476.93.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders 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 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.