Landsberg Bennett & Dubbaneh LLC Sells 98 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

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Landsberg Bennett & Dubbaneh LLC lowered its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,998 shares of the exchange traded fund’s stock after selling 98 shares during the period. Landsberg Bennett & Dubbaneh LLC’s holdings in Invesco QQQ Trust were worth $374,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in QQQ. Macroview Investment Management LLC boosted its position in Invesco QQQ Trust by 112.7% during the 2nd quarter. Macroview Investment Management LLC now owns 135 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 1,200 shares during the period. Larson Financial Group LLC purchased a new stake in Invesco QQQ Trust during the 2nd quarter valued at $29,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Invesco QQQ Trust during the 2nd quarter valued at $44,000. Prestige Wealth Management Group LLC purchased a new stake in Invesco QQQ Trust during the 2nd quarter valued at $68,000. Finally, Lenox Wealth Management Inc. boosted its position in Invesco QQQ Trust by 33.8% during the 2nd quarter. Lenox Wealth Management Inc. now owns 475 shares of the exchange traded fund’s stock valued at $88,000 after buying an additional 120 shares during the period. 44.69% of the stock is currently owned by institutional investors.

NASDAQ:QQQ opened at $191.11 on Friday. The company has a 50-day moving average price of $188.63 and a 200-day moving average price of $186.53. Invesco QQQ Trust has a 12 month low of $143.46 and a 12 month high of $195.55.

The business also recently announced a — dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, September 24th will be given a $0.3842 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a dividend yield of 0.8%.

Invesco QQQ Trust 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.

Read More: How does a 12b-1 fee affect fund performance?

Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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