Seelaus Asset Management LLC Sells 119 Shares of Invesco QQQ (NASDAQ:QQQ)

Seelaus Asset Management LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 4.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,288 shares of the exchange traded fund’s stock after selling 119 shares during the period. Invesco QQQ comprises 1.0% of Seelaus Asset Management LLC’s holdings, making the stock its 16th largest position. Seelaus Asset Management LLC’s holdings in Invesco QQQ were worth $1,117,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ during the 1st quarter worth approximately $28,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ in the 2nd quarter valued at $30,000. Chelsea Counsel Co. bought a new stake in Invesco QQQ during the 1st quarter worth about $40,000. CGC Financial Services LLC boosted its stake in shares of Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 81 shares during the last quarter. Finally, PFG Private Wealth Management LLC boosted its stake in shares of Invesco QQQ by 572.2% during the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 103 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.4 %

NASDAQ:QQQ opened at $496.57 on Friday. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58. The stock’s 50-day simple moving average is $489.33 and its 200 day simple moving average is $474.11.

Invesco QQQ Cuts Dividend

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

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.