Invesco QQQ (NASDAQ:QQQ) Shares Sold by WESPAC Advisors LLC

WESPAC Advisors LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 10.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,303 shares of the exchange traded fund’s stock after selling 276 shares during the quarter. WESPAC Advisors LLC’s holdings in Invesco QQQ were worth $1,124,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Lane & Associates LLC lifted its stake in Invesco QQQ by 2.2% during the third quarter. Lane & Associates LLC now owns 2,016 shares of the exchange traded fund’s stock worth $984,000 after purchasing an additional 44 shares in the last quarter. Towercrest Capital Management raised its holdings in shares of Invesco QQQ by 30.2% in the 3rd quarter. Towercrest Capital Management now owns 2,562 shares of the exchange traded fund’s stock valued at $1,250,000 after buying an additional 595 shares during the period. Canopy Partners LLC lifted its stake in Invesco QQQ by 36.9% during the 3rd quarter. Canopy Partners LLC now owns 1,146 shares of the exchange traded fund’s stock worth $559,000 after acquiring an additional 309 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in Invesco QQQ by 4.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 98,920 shares of the exchange traded fund’s stock valued at $48,280,000 after acquiring an additional 4,433 shares during the period. Finally, Cerity Partners LLC grew its position in Invesco QQQ by 11.5% in the 3rd quarter. Cerity Partners LLC now owns 682,159 shares of the exchange traded fund’s stock valued at $332,959,000 after acquiring an additional 70,171 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.2 %

Shares of NASDAQ:QQQ opened at $505.79 on Friday. Invesco QQQ has a 1 year low of $382.66 and a 1 year high of $515.58. The firm’s 50-day moving average is $493.08 and its two-hundred day moving average is $476.93.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend 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.