BNC Wealth Management LLC Reduces Holdings in Invesco QQQ (NASDAQ:QQQ)

BNC Wealth Management LLC cut its position in Invesco QQQ (NASDAQ:QQQ) by 8.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,240 shares of the exchange traded fund’s stock after selling 283 shares during the quarter. BNC Wealth Management LLC’s holdings in Invesco QQQ were worth $1,581,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in QQQ. Cozad Asset Management Inc. boosted its position in Invesco QQQ by 1.5% in the 3rd quarter. Cozad Asset Management Inc. now owns 14,237 shares of the exchange traded fund’s stock valued at $6,949,000 after buying an additional 209 shares during the last quarter. Weitzel Financial Services Inc. lifted its stake in shares of Invesco QQQ by 10.1% in the third quarter. Weitzel Financial Services Inc. now owns 10,128 shares of the exchange traded fund’s stock worth $4,885,000 after acquiring an additional 926 shares in the last quarter. David J Yvars Group boosted its holdings in Invesco QQQ by 4.4% in the third quarter. David J Yvars Group now owns 25,659 shares of the exchange traded fund’s stock valued at $12,523,000 after purchasing an additional 1,089 shares during the last quarter. Bridgewater Advisors Inc. acquired a new stake in Invesco QQQ during the 3rd quarter valued at approximately $29,995,000. Finally, Baugh & Associates LLC increased its holdings in Invesco QQQ by 20.3% during the 3rd quarter. Baugh & Associates LLC now owns 782 shares of the exchange traded fund’s stock worth $382,000 after purchasing an additional 132 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 2.7 %

Shares of QQQ opened at $505.58 on Thursday. Invesco QQQ has a 52-week low of $369.05 and a 52-week high of $506.41. The business’s 50 day moving average is $483.00 and its two-hundred day moving average is $470.34.

Invesco QQQ Cuts Dividend

The business also recently disclosed 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. 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 0.54%.

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.