Invesco QQQ (NASDAQ:QQQ) Shares Sold by BCGM Wealth Management LLC

BCGM Wealth Management LLC cut its stake in Invesco QQQ (NASDAQ:QQQ) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,119 shares of the exchange traded fund’s stock after selling 245 shares during the quarter. Invesco QQQ comprises about 3.5% of BCGM Wealth Management LLC’s investment portfolio, making the stock its 5th biggest position. BCGM Wealth Management LLC’s holdings in Invesco QQQ were worth $10,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Beaton Management Co. Inc. raised its holdings in shares of Invesco QQQ by 1.0% during the 3rd quarter. Beaton Management Co. Inc. now owns 6,932 shares of the exchange traded fund’s stock valued at $3,383,000 after buying an additional 70 shares during the period. Sather Financial Group Inc purchased a new position in Invesco QQQ in the 3rd quarter worth approximately $563,000. Schear Investment Advisers LLC grew its position in Invesco QQQ by 7.5% in the third quarter. Schear Investment Advisers LLC now owns 7,047 shares of the exchange traded fund’s stock valued at $3,439,000 after acquiring an additional 490 shares in the last quarter. Mount Lucas Management LP raised its stake in shares of Invesco QQQ by 35.7% during the third quarter. Mount Lucas Management LP now owns 53,283 shares of the exchange traded fund’s stock valued at $26,006,000 after purchasing an additional 14,015 shares during the period. Finally, Veery Capital LLC raised its stake in shares of Invesco QQQ by 1.8% during the third quarter. Veery Capital LLC now owns 3,058 shares of the exchange traded fund’s stock valued at $1,492,000 after purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $496.57 on Friday. The firm has a fifty day simple moving average of $489.33 and a 200-day simple moving average of $474.46. Invesco QQQ has a twelve month low of $382.66 and a twelve month high of $515.58.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%.

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.