Invesco QQQ (NASDAQ:QQQ) Shares Sold by PBMares Wealth Management LLC

PBMares Wealth Management LLC lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 27.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,939 shares of the exchange traded fund’s stock after selling 1,096 shares during the period. PBMares Wealth Management LLC’s holdings in Invesco QQQ were worth $1,434,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in QQQ. Allspring Global Investments Holdings LLC purchased a new stake in Invesco QQQ during the first quarter valued at about $39,478,000. Iams Wealth Management LLC boosted its position in shares of Invesco QQQ by 48.2% in the first quarter. Iams Wealth Management LLC now owns 13,938 shares of the exchange traded fund’s stock worth $6,067,000 after buying an additional 4,534 shares during the period. Cullinan Associates Inc. acquired a new stake in shares of Invesco QQQ in the first quarter worth $329,000. Capital Advisors Ltd. LLC grew its holdings in shares of Invesco QQQ by 12.3% during the first quarter. Capital Advisors Ltd. LLC now owns 26,607 shares of the exchange traded fund’s stock valued at $11,814,000 after buying an additional 2,919 shares in the last quarter. Finally, Quattro Financial Advisors LLC acquired a new position in Invesco QQQ during the first quarter valued at $18,409,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.2 %

Shares of NASDAQ QQQ traded up $1.11 during mid-day trading on Tuesday, reaching $496.51. The company had a trading volume of 5,140,423 shares, compared to its average volume of 38,581,402. Invesco QQQ has a twelve month low of $346.45 and a twelve month high of $503.52. The stock’s 50 day moving average is $480.79 and its 200-day moving average is $467.41.

Invesco QQQ Cuts Dividend

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

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.