Invesco QQQ (NASDAQ:QQQ) Shares Sold by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.7% in the third quarter, Holdings Channel reports. The firm owned 892 shares of the exchange traded fund’s stock after selling 34 shares during the period. Icon Wealth Advisors LLC’s holdings in Invesco QQQ were worth $436,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Rockefeller Capital Management L.P. lifted its holdings in shares of Invesco QQQ by 2.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 849,259 shares of the exchange traded fund’s stock worth $414,429,000 after acquiring an additional 18,833 shares during the last quarter. Centric Wealth Management lifted its stake in Invesco QQQ by 7.5% during the third quarter. Centric Wealth Management now owns 8,493 shares of the exchange traded fund’s stock worth $4,294,000 after purchasing an additional 594 shares in the last quarter. CWS Financial Advisors LLC acquired a new position in Invesco QQQ during the third quarter worth $1,859,000. Hantz Financial Services Inc. boosted its position in shares of Invesco QQQ by 2.3% during the third quarter. Hantz Financial Services Inc. now owns 2,483 shares of the exchange traded fund’s stock worth $1,212,000 after buying an additional 56 shares during the period. Finally, Peterson Wealth Management grew its stake in shares of Invesco QQQ by 6.1% in the third quarter. Peterson Wealth Management now owns 28,587 shares of the exchange traded fund’s stock valued at $13,953,000 after buying an additional 1,638 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.9 %

QQQ stock opened at $509.74 on Friday. The business’s fifty day moving average price is $496.13 and its 200 day moving average price is $478.96. Invesco QQQ has a 12-month low of $382.66 and a 12-month high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently declared 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 0.53%.

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.