Alta Wealth Advisors LLC Has $3.04 Million Position in Invesco QQQ (NASDAQ:QQQ)

Alta Wealth Advisors LLC lessened its position in Invesco QQQ (NASDAQ:QQQ) by 27.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,233 shares of the exchange traded fund’s stock after selling 2,390 shares during the period. Invesco QQQ comprises approximately 1.4% of Alta Wealth Advisors LLC’s holdings, making the stock its 16th biggest holding. Alta Wealth Advisors LLC’s holdings in Invesco QQQ were worth $3,042,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ during the 1st quarter worth approximately $28,000. Mechanics Financial Corp acquired a new position in Invesco QQQ in the second quarter worth $30,000. Chelsea Counsel Co. bought a new stake in shares of Invesco QQQ during the first quarter worth $40,000. CGC Financial Services LLC increased its stake in shares of Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 81 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its holdings in shares of Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 24 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.7 %

Shares of NASDAQ QQQ opened at $494.47 on Friday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The firm’s 50-day simple moving average is $477.68 and its 200 day simple moving average is $464.99.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend 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.