Diversified LLC Has $2.55 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Diversified LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,220 shares of the exchange traded fund’s stock after selling 145 shares during the quarter. Diversified LLC’s holdings in Invesco QQQ were worth $2,548,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Truvestments Capital LLC grew its position in shares of Invesco QQQ by 506.7% in the 3rd quarter. Truvestments Capital LLC now owns 35,646 shares of the exchange traded fund’s stock valued at $17,398,000 after purchasing an additional 29,771 shares during the period. Alliance Wealth Management Group grew its position in shares of Invesco QQQ by 30.2% in the 3rd quarter. Alliance Wealth Management Group now owns 2,562 shares of the exchange traded fund’s stock valued at $1,250,000 after purchasing an additional 595 shares during the period. Harvest Fund Management Co. Ltd boosted its position in Invesco QQQ by 95.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,145 shares of the exchange traded fund’s stock worth $559,000 after acquiring an additional 558 shares during the last quarter. Davis R M Inc. boosted its position in Invesco QQQ by 3.2% during the 3rd quarter. Davis R M Inc. now owns 3,789 shares of the exchange traded fund’s stock worth $1,849,000 after acquiring an additional 118 shares during the last quarter. Finally, Garner Asset Management Corp boosted its position in Invesco QQQ by 18.3% during the 3rd quarter. Garner Asset Management Corp now owns 23,645 shares of the exchange traded fund’s stock worth $11,541,000 after acquiring an additional 3,656 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.8 %

NASDAQ:QQQ opened at $509.69 on Monday. Invesco QQQ has a twelve month low of $382.66 and a twelve month high of $515.58. The business has a 50 day moving average price of $493.08 and a two-hundred day moving average price of $477.19.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Monday, September 23rd.

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.