Invesco QQQ $QQQ Shares Sold by Segment Wealth Management LLC

Segment Wealth Management LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.4% during the 3rd quarter, Holdings Channel reports. The fund owned 77,707 shares of the exchange traded fund’s stock after selling 1,877 shares during the quarter. Invesco QQQ comprises 2.8% of Segment Wealth Management LLC’s portfolio, making the stock its 4th largest holding. Segment Wealth Management LLC’s holdings in Invesco QQQ were worth $46,653,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of QQQ. Morgan Dempsey Capital Management LLC purchased a new position in Invesco QQQ during the second quarter worth about $30,000. Navigoe LLC increased its holdings in shares of Invesco QQQ by 300.0% during the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 45 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $41,000. Moser Wealth Advisors LLC raised its position in shares of Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 93 shares during the period. Finally, Canoe Financial LP acquired a new position in Invesco QQQ in the third quarter valued at approximately $64,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.5%

Shares of Invesco QQQ stock opened at $620.87 on Tuesday. The stock has a 50 day moving average of $616.44 and a 200 day moving average of $587.91. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a dividend of $0.7941 per share. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69.

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.