1,283 Invesco QQQ $QQQ Shares Sold by Steele Capital Management Inc.

Steele Capital Management Inc. reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 199,620 shares of the exchange traded fund’s stock after selling 1,283 shares during the quarter. Invesco QQQ makes up 5.5% of Steele Capital Management Inc.’s investment portfolio, making the stock its 6th biggest holding. Steele Capital Management Inc.’s holdings in Invesco QQQ were worth $147,818,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GoalVest Advisory LLC boosted its holdings in Invesco QQQ by 20,256.6% in the third quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund’s stock valued at $454,185,000 after purchasing an additional 610,939 shares in the last quarter. Corient Private Wealth LP increased its stake in Invesco QQQ by 506.8% in the second quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund’s stock valued at $401,553,000 after purchasing an additional 455,412 shares during the last quarter. Alaska Permanent Fund Corp acquired a new stake in Invesco QQQ during the second quarter worth approximately $207,072,000. International Assets Investment Management LLC raised its holdings in Invesco QQQ by 390.3% during the third quarter. International Assets Investment Management LLC now owns 300,000 shares of the exchange traded fund’s stock worth $221,931,000 after purchasing an additional 238,814 shares in the last quarter. Finally, Senator Investment Group LP acquired a new stake in Invesco QQQ during the second quarter worth approximately $157,221,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $647.05 on Friday. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $762.86. The firm has a 50 day simple moving average of $722.27 and a 200-day simple moving average of $680.09.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were given a $0.7514 dividend. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

About Invesco QQQ

(Free Report)

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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).

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

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