TRUE Private Wealth Advisors Sells 460 Shares of Invesco QQQ (NASDAQ:QQQ)

TRUE Private Wealth Advisors decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,800 shares of the exchange traded fund’s stock after selling 460 shares during the quarter. Invesco QQQ comprises approximately 0.9% of TRUE Private Wealth Advisors’ portfolio, making the stock its 20th biggest position. TRUE Private Wealth Advisors’ holdings in Invesco QQQ were worth $7,712,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of QQQ. Mechanics Financial Corp purchased a new stake in Invesco QQQ during the 2nd quarter valued at $30,000. CGC Financial Services LLC increased its holdings in Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 81 shares in the last quarter. PFG Private Wealth Management LLC increased its stake in shares of Invesco QQQ by 572.2% in the second quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 103 shares in the last quarter. Legacy Bridge LLC increased its stake in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares in the last quarter. Finally, BNP Paribas bought a new stake in Invesco QQQ during the 3rd quarter valued at approximately $62,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.9 %

Shares of QQQ stock opened at $509.74 on Friday. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $515.58. The company’s fifty day simple moving average is $496.13 and its two-hundred day simple moving average is $478.96.

Invesco QQQ Cuts Dividend

The business also recently declared 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. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.53%.

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.