Invesco QQQ (NASDAQ:QQQ) Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. reduced its position in Invesco QQQ (NASDAQ:QQQ) by 7.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,085 shares of the exchange traded fund’s stock after selling 1,348 shares during the quarter. Invesco QQQ makes up approximately 0.8% of Sunbelt Securities Inc.’s portfolio, making the stock its 18th biggest position. Sunbelt Securities Inc.’s holdings in Invesco QQQ were worth $8,339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Socha Financial Group LLC increased its holdings in Invesco QQQ by 2.4% during the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after purchasing an additional 2,171 shares during the period. Archer Investment Corp increased its stake in shares of Invesco QQQ by 10.2% during the third quarter. Archer Investment Corp now owns 43,603 shares of the exchange traded fund’s stock worth $21,281,000 after buying an additional 4,025 shares during the period. Bank Hapoalim BM raised its holdings in Invesco QQQ by 5.5% in the third quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock valued at $59,250,000 after acquiring an additional 6,347 shares in the last quarter. Garden State Investment Advisory Services LLC lifted its stake in Invesco QQQ by 20.7% in the third quarter. Garden State Investment Advisory Services LLC now owns 33,082 shares of the exchange traded fund’s stock worth $16,191,000 after acquiring an additional 5,673 shares during the last quarter. Finally, Marco Investment Management LLC lifted its stake in Invesco QQQ by 48.1% in the third quarter. Marco Investment Management LLC now owns 9,621 shares of the exchange traded fund’s stock worth $4,696,000 after acquiring an additional 3,123 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $520.60 on Wednesday. Invesco QQQ has a 52 week low of $391.53 and a 52 week high of $526.72. The company’s 50 day moving average is $500.28 and its two-hundred day moving average is $482.21.

Invesco QQQ Cuts Dividend

The firm also recently declared 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. This represents a $2.71 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was 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.