Endowment Wealth Management Inc. Sells 101 Shares of Invesco QQQ (NASDAQ:QQQ)

Endowment Wealth Management Inc. lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 15.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 570 shares of the exchange traded fund’s stock after selling 101 shares during the quarter. Endowment Wealth Management Inc.’s holdings in Invesco QQQ were worth $278,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ in the 1st quarter valued at about $28,000. Mechanics Financial Corp bought a new position in shares of Invesco QQQ during the 2nd quarter worth approximately $30,000. Chelsea Counsel Co. bought a new position in shares of Invesco QQQ during the 1st quarter worth approximately $40,000. CGC Financial Services LLC raised its stake 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 worth $44,000 after acquiring an additional 81 shares in the last quarter. Finally, PFG Private Wealth Management LLC raised its stake in shares of Invesco QQQ by 572.2% during the 2nd 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 in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.1 %

NASDAQ QQQ opened at $512.25 on Thursday. The company has a 50 day moving average price of $487.42 and a 200 day moving average price of $473.42. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $515.58.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.53%.

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.