Retirement Solution LLC Sells 600 Shares of Invesco QQQ (NASDAQ:QQQ)

Retirement Solution LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,336 shares of the exchange traded fund’s stock after selling 600 shares during the period. Invesco QQQ accounts for approximately 1.2% of Retirement Solution LLC’s holdings, making the stock its 12th biggest holding. Retirement Solution LLC’s holdings in Invesco QQQ were worth $5,045,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Northeast Investment Management grew its stake in Invesco QQQ by 0.6% in the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after purchasing an additional 20 shares in the last quarter. Prospect Financial Services LLC grew its position in shares of Invesco QQQ by 0.3% during the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock worth $3,059,000 after buying an additional 21 shares in the last quarter. Skyline Advisors Inc. increased its stake in shares of Invesco QQQ by 5.0% during the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after buying an additional 21 shares during the period. Madden Advisory Services Inc. raised its holdings in shares of Invesco QQQ by 0.9% in the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after acquiring an additional 21 shares in the last quarter. Finally, Sweeney & Michel LLC lifted its stake in Invesco QQQ by 4.0% in the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after acquiring an additional 22 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.1 %

Shares of Invesco QQQ stock opened at $514.14 on Friday. Invesco QQQ has a 1 year low of $369.57 and a 1 year high of $514.92. The firm’s 50-day moving average is $484.62 and its two-hundred day moving average is $471.30.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.53%. 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.