Ndwm LLC Sells 213 Shares of Invesco QQQ (NASDAQ:QQQ)

Ndwm LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,128 shares of the exchange traded fund’s stock after selling 213 shares during the period. Invesco QQQ comprises approximately 2.5% of Ndwm LLC’s holdings, making the stock its 8th largest holding. Ndwm LLC’s holdings in Invesco QQQ were worth $2,991,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Tempus Wealth Planning LLC raised its position in shares of Invesco QQQ by 15.4% during the 3rd quarter. Tempus Wealth Planning LLC now owns 8,812 shares of the exchange traded fund’s stock valued at $4,301,000 after acquiring an additional 1,174 shares in the last quarter. Stanley Laman Group Ltd. bought a new position in Invesco QQQ during the 3rd quarter worth $222,000. Westhampton Capital LLC grew its stake in Invesco QQQ by 3.6% during the 3rd quarter. Westhampton Capital LLC now owns 1,993 shares of the exchange traded fund’s stock worth $973,000 after buying an additional 70 shares during the last quarter. Pictet North America Advisors SA grew its stake in Invesco QQQ by 35.1% during the 3rd quarter. Pictet North America Advisors SA now owns 3,846 shares of the exchange traded fund’s stock worth $1,877,000 after buying an additional 1,000 shares during the last quarter. Finally, Symphony Financial Ltd. Co. grew its stake in Invesco QQQ by 2.4% during the 3rd quarter. Symphony Financial Ltd. Co. now owns 4,299 shares of the exchange traded fund’s stock worth $2,092,000 after buying an additional 99 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ opened at $495.96 on Wednesday. The stock has a fifty day moving average price of $479.23 and a 200 day moving average price of $465.96. Invesco QQQ has a 12 month low of $342.35 and a 12 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. Investors of record on Monday, September 23rd will be paid a dividend of $0.677 per share. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%.

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.