Invesco QQQ (NASDAQ:QQQ) Shares Sold by PCG Wealth Advisors LLC

PCG Wealth Advisors LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 9.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 6,256 shares of the exchange traded fund’s stock after selling 637 shares during the period. PCG Wealth Advisors LLC’s holdings in Invesco QQQ were worth $3,053,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of QQQ. Atwater Malick LLC acquired a new position in Invesco QQQ in the first quarter worth approximately $293,000. Westwood Holdings Group Inc. boosted its holdings in Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after purchasing an additional 1,993 shares in the last quarter. GenWealth Group Inc. boosted its holdings in Invesco QQQ by 5.8% in the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after purchasing an additional 2,325 shares in the last quarter. Socha Financial Group LLC increased its position in Invesco QQQ by 1.3% during the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after buying an additional 1,153 shares during the last quarter. Finally, SVB Wealth LLC raised its holdings in Invesco QQQ by 15.2% during the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after buying an additional 2,453 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded down $1.56 on Wednesday, reaching $489.29. The company had a trading volume of 11,562,281 shares, compared to its average volume of 39,080,469. The stock has a 50-day moving average price of $474.82 and a 200 day moving average price of $464.10. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Cuts Dividend

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

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.