Journey Advisory Group LLC Sells 57 Shares of Invesco QQQ (NASDAQ:QQQ)

Journey Advisory Group LLC lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 7,016 shares of the exchange traded fund’s stock after selling 57 shares during the period. Journey Advisory Group LLC’s holdings in Invesco QQQ were worth $3,361,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of QQQ. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ during the 1st quarter valued at $28,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth about $30,000. Chelsea Counsel Co. acquired a new stake in shares of Invesco QQQ during the 1st quarter worth about $40,000. CGC Financial Services LLC boosted its holdings in shares of Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 81 shares during the period. Finally, Legacy Bridge LLC grew its stake in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $505.79 on Friday. Invesco QQQ has a twelve month low of $382.66 and a twelve month high of $515.58. The company’s 50-day moving average price is $493.08 and its two-hundred day moving average price is $476.93.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a dividend of $0.677 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.54%.

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.