Mine & Arao Wealth Creation & Management LLC. Sells 3,593 Shares of Invesco QQQ (NASDAQ:QQQ)

Mine & Arao Wealth Creation & Management LLC. trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,428 shares of the exchange traded fund’s stock after selling 3,593 shares during the quarter. Invesco QQQ makes up approximately 18.7% of Mine & Arao Wealth Creation & Management LLC.’s portfolio, making the stock its largest position. Mine & Arao Wealth Creation & Management LLC.’s holdings in Invesco QQQ were worth $40,231,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ in the 1st quarter valued at about $28,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ during the 2nd quarter valued at $30,000. Chelsea Counsel Co. acquired a new stake in shares of Invesco QQQ during the 1st quarter valued at $40,000. CGC Financial Services LLC grew its holdings in shares of Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 81 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its holdings in shares of Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after acquiring an additional 24 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 1.6 %

NASDAQ QQQ opened at $513.54 on Friday. The company has a 50 day moving average price of $483.00 and a two-hundred day moving average price of $470.34. Invesco QQQ has a 12-month low of $369.57 and a 12-month high of $514.33.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.53%. 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.