Invesco QQQ (NASDAQ:QQQ) Shares Sold by LexAurum Advisors LLC

LexAurum Advisors LLC decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,969 shares of the exchange traded fund’s stock after selling 236 shares during the quarter. Invesco QQQ comprises 1.4% of LexAurum Advisors LLC’s holdings, making the stock its 18th biggest position. LexAurum Advisors LLC’s holdings in Invesco QQQ were worth $6,330,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of QQQ. Apella Capital LLC increased its stake in shares of Invesco QQQ by 1.8% in the first quarter. Apella Capital LLC now owns 3,382 shares of the exchange traded fund’s stock worth $1,496,000 after acquiring an additional 60 shares during the period. Park Avenue Securities LLC increased its stake in shares of Invesco QQQ by 20.7% in the first quarter. Park Avenue Securities LLC now owns 18,978 shares of the exchange traded fund’s stock worth $8,427,000 after acquiring an additional 3,256 shares during the period. Capital CS Group LLC acquired a new stake in shares of Invesco QQQ in the first quarter worth $368,000. Financiere des Professionnels Fonds d investissement inc. increased its stake in shares of Invesco QQQ by 5.8% in the first quarter. Financiere des Professionnels Fonds d investissement inc. now owns 63,950 shares of the exchange traded fund’s stock worth $28,394,000 after acquiring an additional 3,500 shares during the period. Finally, Grey Fox Wealth Advisors LLC increased its stake in shares of Invesco QQQ by 241.4% in the first quarter. Grey Fox Wealth Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock worth $912,000 after acquiring an additional 1,451 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.1 %

NASDAQ:QQQ opened at $491.25 on Friday. The company’s fifty day moving average price is $476.80 and its 200-day moving average price is $464.48. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be issued a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is 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.