Invesco QQQ (NASDAQ:QQQ) Shares Sold by Garrison Point Advisors LLC

Garrison Point Advisors LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 10.8% in the third quarter, HoldingsChannel.com reports. The fund owned 455 shares of the exchange traded fund’s stock after selling 55 shares during the period. Garrison Point Advisors LLC’s holdings in Invesco QQQ were worth $222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new position in shares of Invesco QQQ in the first quarter worth about $28,000. Mechanics Financial Corp acquired a new position in Invesco QQQ in the 2nd quarter worth approximately $30,000. Chelsea Counsel Co. purchased a new position in Invesco QQQ during the 1st quarter worth approximately $40,000. CGC Financial Services LLC lifted its stake in 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 period. Finally, CarsonAllaria Wealth Management Ltd. boosted its holdings in shares of Invesco QQQ by 30.4% in 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. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $492.32 on Friday. The firm has a fifty day moving average price of $479.75 and a 200 day moving average price of $466.12. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.