Vicus Capital Sells 1,047 Shares of Invesco QQQ (NASDAQ:QQQ)

Vicus Capital cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.9% in the third quarter, HoldingsChannel reports. The fund owned 35,481 shares of the exchange traded fund’s stock after selling 1,047 shares during the period. Invesco QQQ makes up approximately 1.5% of Vicus Capital’s holdings, making the stock its 18th largest holding. Vicus Capital’s holdings in Invesco QQQ were worth $17,317,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in QQQ. New Covenant Trust Company N.A. bought a new position in Invesco QQQ in the 1st quarter worth approximately $28,000. Mechanics Financial Corp bought a new position in Invesco QQQ in the 2nd quarter worth approximately $30,000. Chelsea Counsel Co. bought a new position in Invesco QQQ in the 1st quarter worth approximately $40,000. CGC Financial Services LLC boosted its position in shares of Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 81 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. boosted its position in shares of Invesco QQQ by 30.4% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after acquiring an additional 24 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.2 %

Shares of NASDAQ QQQ traded down $1.00 during midday trading on Tuesday, reaching $494.42. 10,170,043 shares of the stock traded hands, compared to its average volume of 38,826,547. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The company’s 50 day moving average is $478.57 and its 200 day moving average is $465.57.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%.

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.