827 Invesco QQQ $QQQ Shares Sold by Jacobi Capital Management LLC

Jacobi Capital Management LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,947 shares of the exchange traded fund’s stock after selling 827 shares during the quarter. Invesco QQQ accounts for approximately 3.1% of Jacobi Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Jacobi Capital Management LLC’s holdings in Invesco QQQ were worth $66,540,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in Invesco QQQ by 1.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,038,610 shares of the exchange traded fund’s stock worth $2,237,606,000 after buying an additional 30,083 shares during the last quarter. Analyst IMS Investment Management Services Ltd. boosted its holdings in shares of Invesco QQQ by 0.3% in the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund’s stock valued at $1,316,358,000 after acquiring an additional 4,751 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Invesco QQQ by 3.1% in the 2nd quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund’s stock valued at $906,272,000 after acquiring an additional 36,923 shares during the last quarter. Kestra Advisory Services LLC increased its stake in shares of Invesco QQQ by 10.5% in the third quarter. Kestra Advisory Services LLC now owns 880,835 shares of the exchange traded fund’s stock worth $651,615,000 after acquiring an additional 83,394 shares during the period. Finally, GoalVest Advisory LLC increased its stake in shares of 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 worth $454,185,000 after acquiring an additional 610,939 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Latest Invesco QQQ News

Here’s some of the latest news about QQQ:

• Positive Sentiment: U.S. equities advanced after midday on Nov. 11, offering a supportive backdrop for QQQ following the prior session’s weakness. Exchange-Traded Funds Higher as US Equities Advance After Midday
• Positive Sentiment: Chip stocks helped drive a strong Nasdaq-100 session on Nov. 10, signaling some appetite to buy technology shares despite volatility. Whether that rebound can hold remains uncertain. The Nasdaq-100 Just Had Its Best Day Since March Without Nvidia’s Help
• Neutral Sentiment: QQQ’s reported holdings grew across its portfolio, including an additional $206.7 million in Apple on Nov. 9. This describes fund holdings activity but does not, by itself, establish a change in investor demand for QQQ. Invesco QQQ Trust (QQQ) Buys $206.7 Million More Apple on Nov. 9

Invesco QQQ Trading Up 2.3%

NASDAQ:QQQ opened at $690.38 on Thursday. The company’s fifty day moving average price is $719.04 and its 200-day moving average price is $681.26. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $762.86.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were issued a $0.7514 dividend. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135. This represents a $3.01 annualized dividend and a yield of 0.4%.

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.