Invesco QQQ (NASDAQ:QQQ) Shares Sold by Essex LLC

Essex LLC trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,395 shares of the exchange traded fund’s stock after selling 31 shares during the quarter. Essex LLC’s holdings in Invesco QQQ were worth $681,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Steel Grove Capital Advisors LLC raised its stake in Invesco QQQ by 934.0% during the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after acquiring an additional 3,102,568 shares in the last quarter. Strategic Financial Concepts LLC raised its stake in shares of Invesco QQQ by 18,691.3% during the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after purchasing an additional 2,762,571 shares in the last quarter. Granite Bay Wealth Management LLC lifted its holdings in Invesco QQQ by 6,215.5% in the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after purchasing an additional 894,532 shares during the period. Harvard Management Co. Inc. bought a new position in Invesco QQQ in the 1st quarter valued at about $304,591,000. Finally, Mirae Asset Securities USA Inc. acquired a new position in Invesco QQQ during the 2nd quarter valued at about $215,600,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.7 %

Shares of NASDAQ:QQQ opened at $494.47 on Monday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The company has a 50 day moving average of $477.68 and a 200-day moving average of $465.15.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.