Invesco QQQ $QQQ Stock Position Trimmed by Trek Financial LLC

Trek Financial LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 9.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,496 shares of the exchange traded fund’s stock after selling 1,288 shares during the quarter. Trek Financial LLC’s holdings in Invesco QQQ were worth $9,244,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Flatrock Wealth Partners LLC acquired a new position in Invesco QQQ during the 1st quarter valued at about $924,000. Hegarty Advisors LLC acquired a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $2,212,000. Dixon Fnancial Services Inc. grew its position in shares of Invesco QQQ by 119.9% during the 3rd quarter. Dixon Fnancial Services Inc. now owns 1,834 shares of the exchange traded fund’s stock worth $1,357,000 after buying an additional 1,000 shares during the period. Ascension Capital Advisors Inc. grew its position in shares of Invesco QQQ by 643.8% during the 1st quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund’s stock worth $1,786,000 after buying an additional 2,678 shares during the period. Finally, Financial Insights Inc. raised its stake in shares of Invesco QQQ by 6.8% during the second quarter. Financial Insights Inc. now owns 29,790 shares of the exchange traded fund’s stock worth $21,938,000 after buying an additional 1,901 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ opened at $690.49 on Monday. The firm has a 50 day simple moving average of $725.00 and a 200 day simple moving average of $679.01. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $762.86.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were issued a dividend of $0.7514 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%. This is a drop from Invesco QQQ’s previous quarterly dividend of $0.8135.

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.