Invesco QQQ (NASDAQ:QQQ) Holdings Trimmed by Mission Creek Capital Partners Inc.

Mission Creek Capital Partners Inc. lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,463 shares of the exchange traded fund’s stock after selling 32 shares during the period. Invesco QQQ makes up 1.2% of Mission Creek Capital Partners Inc.’s portfolio, making the stock its 21st biggest position. Mission Creek Capital Partners Inc.’s holdings in Invesco QQQ were worth $5,107,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of QQQ. Mechanics Financial Corp purchased a new position in Invesco QQQ during the second quarter valued at approximately $30,000. CGC Financial Services LLC grew its holdings 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 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 acquiring an additional 103 shares during the last quarter. Legacy Bridge LLC raised its holdings in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares in the last quarter. Finally, BNP Paribas acquired a new stake in Invesco QQQ during the third quarter valued at $62,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $516.87 on Wednesday. The stock’s 50 day moving average price is $497.40 and its 200 day moving average price is $480.28. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $517.15.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders 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 0.52%.

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.