Sage Advisors LLC Sells 485 Shares of Invesco QQQ (NASDAQ:QQQ)

Sage Advisors LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 15.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,576 shares of the exchange traded fund’s stock after selling 485 shares during the period. Invesco QQQ comprises about 1.0% of Sage Advisors LLC’s investment portfolio, making the stock its 14th biggest position. Sage Advisors LLC’s holdings in Invesco QQQ were worth $1,257,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. New Covenant Trust Company N.A. acquired a new stake in shares of Invesco QQQ during the first quarter worth $28,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ in the second quarter valued at approximately $30,000. Chelsea Counsel Co. bought a new stake in Invesco QQQ during the 1st quarter worth about $40,000. CGC Financial Services LLC boosted its position in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 81 shares during the last quarter. Finally, PFG Private Wealth Management LLC raised its position in Invesco QQQ by 572.2% during 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 in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 2.4 %

QQQ stock opened at $496.57 on Friday. The company has a fifty day moving average price of $489.33 and a two-hundred day moving average price of $474.46. Invesco QQQ has a one year low of $382.66 and a one year high of $515.58.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Monday, September 23rd.

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.