Townsend Asset Management Corp NC ADV Sells 247 Shares of Invesco QQQ (NASDAQ:QQQ)

Townsend Asset Management Corp NC ADV reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,659 shares of the exchange traded fund’s stock after selling 247 shares during the period. Invesco QQQ accounts for approximately 7.0% of Townsend Asset Management Corp NC ADV’s holdings, making the stock its largest holding. Townsend Asset Management Corp NC ADV’s holdings in Invesco QQQ were worth $18,868,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in QQQ. Steel Grove Capital Advisors LLC boosted its holdings in shares of Invesco QQQ by 934.0% in the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after buying an additional 3,102,568 shares during the period. Strategic Financial Concepts LLC raised its stake in shares of Invesco QQQ by 18,691.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after purchasing an additional 2,762,571 shares during the period. Granite Bay Wealth Management LLC lifted its stake in Invesco QQQ by 6,215.5% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after acquiring an additional 894,532 shares in the last quarter. Harvard Management Co. Inc. acquired a new position in Invesco QQQ during the first quarter worth $304,591,000. Finally, Mirae Asset Securities USA Inc. acquired a new position in shares of Invesco QQQ during the 2nd quarter worth about $215,600,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.2 %

Shares of Invesco QQQ stock opened at $495.42 on Tuesday. The business’s 50 day moving average is $478.57 and its 200-day moving average is $465.57. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently announced 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 annualized dividend and a dividend 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.