Invesco QQQ (NASDAQ:QQQ) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 5,370 shares of the exchange traded fund’s stock after selling 55 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Invesco QQQ were worth $2,644,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC acquired a new stake in shares of Invesco QQQ in the 3rd quarter valued at $8,404,000. Creekmur Asset Management LLC raised its holdings in shares of Invesco QQQ by 4.5% in the 3rd quarter. Creekmur Asset Management LLC now owns 42,339 shares of the exchange traded fund’s stock valued at $20,665,000 after purchasing an additional 1,806 shares in the last quarter. GSB Wealth Management LLC raised its holdings in shares of Invesco QQQ by 1.8% in the 3rd quarter. GSB Wealth Management LLC now owns 9,572 shares of the exchange traded fund’s stock valued at $4,672,000 after purchasing an additional 169 shares in the last quarter. Trajan Wealth LLC raised its holdings in shares of Invesco QQQ by 6.6% in the 3rd quarter. Trajan Wealth LLC now owns 2,267 shares of the exchange traded fund’s stock valued at $1,106,000 after purchasing an additional 141 shares in the last quarter. Finally, Lodestar Private Asset Management LLC raised its holdings in shares of Invesco QQQ by 1.0% in the 3rd quarter. Lodestar Private Asset Management LLC now owns 71,654 shares of the exchange traded fund’s stock valued at $34,972,000 after purchasing an additional 689 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ traded down $2.57 during midday trading on Wednesday, reaching $497.59. The stock had a trading volume of 3,993,428 shares, compared to its average volume of 38,525,621. Invesco QQQ has a 1-year low of $346.62 and a 1-year high of $503.52. The company’s fifty day simple moving average is $481.19 and its two-hundred day simple moving average is $467.84.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.54%.

Invesco QQQ 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.