Lowery Thomas LLC Sells 734 Shares of Invesco QQQ (NASDAQ:QQQ)

Lowery Thomas LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,024 shares of the exchange traded fund’s stock after selling 734 shares during the period. Invesco QQQ comprises about 4.3% of Lowery Thomas LLC’s investment portfolio, making the stock its 6th biggest position. Lowery Thomas LLC’s holdings in Invesco QQQ were worth $6,356,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. International Assets Investment Management LLC increased its holdings in Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after buying an additional 32,516,210 shares in the last quarter. Steel Grove Capital Advisors LLC grew its position in shares of Invesco QQQ by 934.0% during the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after acquiring an additional 3,102,568 shares during the period. Strategic Financial Concepts LLC increased its stake in shares of Invesco QQQ by 18,691.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after purchasing an additional 2,762,571 shares in the last quarter. Granite Bay Wealth Management LLC raised its holdings in Invesco QQQ by 6,215.5% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after purchasing an additional 894,532 shares during the period. Finally, Mirae Asset Securities USA Inc. acquired a new stake in Invesco QQQ in the second quarter valued at approximately $215,600,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $500.02 on Tuesday. Invesco QQQ has a 12 month low of $382.66 and a 12 month high of $515.58. The business has a 50 day simple moving average of $490.25 and a 200-day simple moving average of $475.35.

Invesco QQQ Cuts Dividend

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

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.