Dearborn Partners LLC Sells 77 Shares of Invesco QQQ (NASDAQ:QQQ)

Dearborn Partners LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,423 shares of the exchange traded fund’s stock after selling 77 shares during the period. Dearborn Partners LLC’s holdings in Invesco QQQ were worth $1,671,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of QQQ. PBCay One RSC Ltd boosted its position in Invesco QQQ by 6.2% during the 1st quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock valued at $166,504,000 after buying an additional 22,000 shares during the period. Russell Investments Group Ltd. raised its holdings in Invesco QQQ by 140.6% in the 1st quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock worth $108,000 after purchasing an additional 142 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Invesco QQQ during the 1st quarter valued at about $844,000. Tocqueville Asset Management L.P. increased its position in shares of Invesco QQQ by 3.7% during the first quarter. Tocqueville Asset Management L.P. now owns 3,968 shares of the exchange traded fund’s stock valued at $1,762,000 after buying an additional 143 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC bought a new position in Invesco QQQ in the first quarter worth about $496,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.7 %

QQQ stock opened at $508.69 on Friday. Invesco QQQ has a fifty-two week low of $382.66 and a fifty-two week high of $515.58. The business’s 50 day moving average price is $487.42 and its two-hundred day moving average price is $473.42.

Invesco QQQ Cuts Dividend

The firm also recently announced 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. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was 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.