Invesco QQQ (NASDAQ:QQQ) Shares Sold by Trademark Financial Management LLC

Trademark Financial Management LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,093 shares of the exchange traded fund’s stock after selling 455 shares during the period. Invesco QQQ comprises 5.8% of Trademark Financial Management LLC’s holdings, making the stock its 3rd largest position. Trademark Financial Management LLC’s holdings in Invesco QQQ were worth $7,366,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of QQQ. Westwood Holdings Group Inc. lifted its stake in Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after acquiring an additional 1,993 shares during the last quarter. Bank Hapoalim BM grew its holdings in Invesco QQQ by 5.5% during the third quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock worth $59,250,000 after purchasing an additional 6,347 shares during the period. Socha Financial Group LLC increased its position in Invesco QQQ by 1.3% during the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after buying an additional 1,153 shares during the last quarter. SVB Wealth LLC raised its stake in Invesco QQQ by 15.2% in the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after buying an additional 2,453 shares during the period. Finally, WFA Asset Management Corp lifted its position in shares of Invesco QQQ by 70.6% in the first quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock valued at $2,032,000 after buying an additional 1,894 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $505.58 on Thursday. Invesco QQQ has a 1-year low of $369.05 and a 1-year high of $506.41. The business’s 50 day simple moving average is $483.00 and its 200 day simple moving average is $470.34.

Invesco QQQ Cuts Dividend

The business also recently disclosed 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 0.54%. The ex-dividend date of this dividend was Monday, September 23rd.

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.