Invesco QQQ (NASDAQ:QQQ) Holdings Cut by Bailard Inc.

Bailard Inc. decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 257,632 shares of the exchange traded fund’s stock after selling 4,389 shares during the period. Invesco QQQ comprises approximately 3.3% of Bailard Inc.’s investment portfolio, making the stock its 3rd biggest holding. Bailard Inc.’s holdings in Invesco QQQ were worth $125,743,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of QQQ. HMS Capital Management LLC lifted its position in Invesco QQQ by 8.8% during the third quarter. HMS Capital Management LLC now owns 24,419 shares of the exchange traded fund’s stock valued at $11,918,000 after acquiring an additional 1,982 shares during the last quarter. HF Advisory Group LLC grew its holdings in Invesco QQQ by 25.5% in the third quarter. HF Advisory Group LLC now owns 5,587 shares of the exchange traded fund’s stock worth $2,727,000 after purchasing an additional 1,134 shares during the last quarter. Crescent Grove Advisors LLC increased its position in shares of Invesco QQQ by 2.1% during the third quarter. Crescent Grove Advisors LLC now owns 39,070 shares of the exchange traded fund’s stock worth $19,095,000 after purchasing an additional 799 shares in the last quarter. Fox Financial Inc lifted its holdings in shares of Invesco QQQ by 0.3% during the 3rd quarter. Fox Financial Inc now owns 41,232 shares of the exchange traded fund’s stock valued at $20,124,000 after purchasing an additional 139 shares during the last quarter. Finally, Focused Wealth Management Inc boosted its position in shares of Invesco QQQ by 11.3% in the 3rd quarter. Focused Wealth Management Inc now owns 134,251 shares of the exchange traded fund’s stock worth $65,524,000 after purchasing an additional 13,641 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.3 %

Shares of NASDAQ:QQQ opened at $492.21 on Wednesday. The business’s 50-day moving average is $482.32 and its 200 day moving average is $470.09. Invesco QQQ has a 1 year low of $366.91 and a 1 year high of $503.52.

Invesco QQQ Cuts Dividend

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

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.