Smith Shellnut Wilson LLC ADV Sells 4,331 Shares of Invesco QQQ $QQQ

Smith Shellnut Wilson LLC ADV cut its stake in Invesco QQQ (NASDAQ:QQQ) by 16.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,476 shares of the exchange traded fund’s stock after selling 4,331 shares during the period. Invesco QQQ comprises about 5.0% of Smith Shellnut Wilson LLC ADV’s holdings, making the stock its 5th largest holding. Smith Shellnut Wilson LLC ADV’s holdings in Invesco QQQ were worth $12,894,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Primoris Wealth Advisors LLC raised its position in Invesco QQQ by 7.9% in the 3rd quarter. Primoris Wealth Advisors LLC now owns 764 shares of the exchange traded fund’s stock valued at $459,000 after purchasing an additional 56 shares in the last quarter. CPC Advisors LLC increased its stake in shares of Invesco QQQ by 0.6% during the third quarter. CPC Advisors LLC now owns 10,473 shares of the exchange traded fund’s stock worth $6,288,000 after buying an additional 64 shares during the period. Wealth Advisory Solutions LLC raised its holdings in Invesco QQQ by 1.0% in the third quarter. Wealth Advisory Solutions LLC now owns 12,140 shares of the exchange traded fund’s stock valued at $7,289,000 after acquiring an additional 119 shares in the last quarter. American Financial Advisors LLC lifted its stake in Invesco QQQ by 18.1% in the third quarter. American Financial Advisors LLC now owns 133,738 shares of the exchange traded fund’s stock worth $80,292,000 after acquiring an additional 20,450 shares during the last quarter. Finally, First United Bank & Trust lifted its stake in Invesco QQQ by 0.9% in the third quarter. First United Bank & Trust now owns 35,062 shares of the exchange traded fund’s stock worth $21,050,000 after acquiring an additional 306 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $627.17 on Tuesday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01. The company’s 50 day moving average is $615.90 and its two-hundred day moving average is $594.02.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were issued a $0.7941 dividend. This represents a $3.18 annualized dividend and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, December 22nd.

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.