Wells Trecaso Financial Group LLC Has $321,000 Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Wells Trecaso Financial Group LLC lessened its position in Invesco QQQ (NASDAQ:QQQ) by 7.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 658 shares of the exchange traded fund’s stock after selling 55 shares during the period. Wells Trecaso Financial Group LLC’s holdings in Invesco QQQ were worth $321,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Traynor Capital Management Inc. lifted its position in Invesco QQQ by 6.1% during the 3rd quarter. Traynor Capital Management Inc. now owns 16,284 shares of the exchange traded fund’s stock worth $7,948,000 after buying an additional 939 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. lifted its position in Invesco QQQ by 27.9% during the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 78,547 shares of the exchange traded fund’s stock worth $38,337,000 after buying an additional 17,120 shares in the last quarter. Pallas Capital Advisors LLC raised its holdings in Invesco QQQ by 4.9% during the 3rd quarter. Pallas Capital Advisors LLC now owns 14,944 shares of the exchange traded fund’s stock worth $7,357,000 after purchasing an additional 698 shares during the last quarter. Orrstown Financial Services Inc. bought a new stake in Invesco QQQ during the 3rd quarter worth about $3,016,000. Finally, Morton Brown Family Wealth LLC raised its holdings in Invesco QQQ by 0.7% during the 3rd quarter. Morton Brown Family Wealth LLC now owns 3,219 shares of the exchange traded fund’s stock worth $1,571,000 after purchasing an additional 22 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $495.40 on Tuesday. Invesco QQQ has a 1-year low of $346.45 and a 1-year high of $503.52. The business has a 50-day moving average price of $480.79 and a two-hundred day moving average price of $467.41.

Invesco QQQ Cuts Dividend

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