Invesco QQQ (NASDAQ:QQQ) Position Lessened by Concord Asset Management LLC VA

Concord Asset Management LLC VA decreased its stake in Invesco QQQ (NASDAQ:QQQ) by 3.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,164 shares of the exchange traded fund’s stock after selling 39 shares during the period. Concord Asset Management LLC VA’s holdings in Invesco QQQ were worth $568,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ in the 1st quarter worth approximately $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ during the 2nd quarter valued at $30,000. Chelsea Counsel Co. bought a new stake in Invesco QQQ during the 1st quarter valued at $40,000. CGC Financial Services LLC raised its stake in 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, PFG Private Wealth Management LLC raised its stake in 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 valued at $58,000 after acquiring an additional 103 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.4 %

Shares of Invesco QQQ stock opened at $496.57 on Friday. The business’s fifty day moving average price is $489.33 and its two-hundred day moving average price is $474.46. Invesco QQQ has a 1-year low of $382.66 and a 1-year high of $515.58.

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 paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.55%. The ex-dividend date was Monday, September 23rd.

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.