Invesco QQQ (NASDAQ:QQQ) is Madison Park Capital Advisors LLC’s 10th Largest Position

Madison Park Capital Advisors LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,946 shares of the exchange traded fund’s stock after selling 90 shares during the period. Invesco QQQ accounts for about 3.6% of Madison Park Capital Advisors LLC’s holdings, making the stock its 10th largest holding. Madison Park Capital Advisors LLC’s holdings in Invesco QQQ were worth $4,854,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ in the first quarter worth approximately $28,000. Mechanics Financial Corp purchased a new position in Invesco QQQ in the 2nd quarter worth approximately $30,000. Chelsea Counsel Co. bought a new position in Invesco QQQ in the 1st quarter valued at approximately $40,000. CGC Financial Services LLC boosted its stake in Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 81 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. increased its holdings in shares of Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 24 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7 %

Shares of NASDAQ:QQQ opened at $494.47 on Monday. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The stock’s fifty day moving average price is $477.68 and its 200-day moving average price is $465.15.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is 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.