Ashton Thomas Private Wealth LLC Trims Holdings in Invesco QQQ (NASDAQ:QQQ)

Ashton Thomas Private Wealth LLC reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 7.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,557 shares of the exchange traded fund’s stock after selling 2,865 shares during the period. Invesco QQQ accounts for about 0.9% of Ashton Thomas Private Wealth LLC’s investment portfolio, making the stock its 20th largest holding. Ashton Thomas Private Wealth LLC’s holdings in Invesco QQQ were worth $16,866,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Westwood Holdings Group Inc. lifted its stake in shares of Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after buying an additional 1,993 shares in the last quarter. Socha Financial Group LLC boosted its position in shares of Invesco QQQ by 2.4% during the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after buying an additional 2,171 shares during the last quarter. Bank Hapoalim BM increased its holdings in Invesco QQQ by 5.5% in the 3rd quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock worth $59,250,000 after buying an additional 6,347 shares in the last quarter. SVB Wealth LLC lifted its stake in Invesco QQQ by 15.2% during the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after acquiring an additional 2,453 shares during the period. Finally, Invictus Private Wealth LLC lifted its stake in Invesco QQQ by 1.3% during the 3rd quarter. Invictus Private Wealth LLC now owns 334,023 shares of the exchange traded fund’s stock valued at $163,026,000 after acquiring an additional 4,139 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $513.62 on Tuesday. Invesco QQQ has a twelve month low of $375.24 and a twelve month high of $515.58. The company’s 50 day moving average is $485.37 and its 200 day moving average is $472.57.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.53%.

About Invesco QQQ

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.