Carrera Capital Advisors Has $585,000 Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Carrera Capital Advisors decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 14.1% during the 3rd quarter, Holdings Channel reports. The fund owned 1,198 shares of the exchange traded fund’s stock after selling 196 shares during the quarter. Carrera Capital Advisors’ holdings in Invesco QQQ were worth $585,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Westwood Holdings Group Inc. lifted its holdings in Invesco QQQ by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after acquiring an additional 1,993 shares in the last quarter. Socha Financial Group LLC raised its holdings in shares of Invesco QQQ by 2.4% during the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after acquiring an additional 2,171 shares during the period. Bank Hapoalim BM lifted its position in Invesco QQQ by 5.5% in the 3rd quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock valued at $59,250,000 after acquiring an additional 6,347 shares in the last quarter. SVB Wealth LLC boosted its stake in Invesco QQQ by 15.2% in the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after purchasing an additional 2,453 shares during the period. Finally, Arrow Financial Corp increased its holdings in Invesco QQQ by 7.2% during the 3rd quarter. Arrow Financial Corp now owns 141,366 shares of the exchange traded fund’s stock worth $68,997,000 after purchasing an additional 9,516 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock traded down $0.98 during trading on Tuesday, reaching $512.86. The company’s stock had a trading volume of 7,378,996 shares, compared to its average volume of 38,215,047. The business has a fifty day moving average price of $485.37 and a 200-day moving average price of $472.57. Invesco QQQ has a one year low of $375.24 and a one year high of $515.58.

Invesco QQQ Cuts Dividend

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

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.