McKinley Carter Wealth Services Inc. Sells 261 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

McKinley Carter Wealth Services Inc. decreased its position in shares of Invesco QQQ Trust (NASDAQ:QQQGet Rating) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,006 shares of the exchange traded fund’s stock after selling 261 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Invesco QQQ Trust were worth $2,804,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of QQQ. Cooper Financial Group grew its position in Invesco QQQ Trust by 22.2% during the first quarter. Cooper Financial Group now owns 5,551 shares of the exchange traded fund’s stock valued at $2,013,000 after buying an additional 1,009 shares during the period. Offit Capital Advisors LLC acquired a new position in Invesco QQQ Trust during the first quarter worth about $245,000. Ascent Group LLC acquired a new position in Invesco QQQ Trust during the fourth quarter worth about $542,000. Mizuho Bank Ltd. purchased a new position in Invesco QQQ Trust during the first quarter worth about $97,886,000. Finally, Whittier Trust Co. raised its stake in Invesco QQQ Trust by 15.2% during the first quarter. Whittier Trust Co. now owns 41,916 shares of the exchange traded fund’s stock worth $15,195,000 after purchasing an additional 5,533 shares during the period. Hedge funds and other institutional investors own 41.46% of the company’s stock.

Invesco QQQ Trust Price Performance

Shares of Invesco QQQ Trust stock traded down $5.62 on Friday, reaching $274.45. The company had a trading volume of 3,221,363 shares, compared to its average volume of 55,490,280. The firm’s 50 day moving average price is $307.43 and its two-hundred day moving average price is $312.52. Invesco QQQ Trust has a 52-week low of $269.28 and a 52-week high of $408.71.

Invesco QQQ Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Tuesday, September 20th will be issued a dividend of $0.519 per share. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date is Monday, September 19th.

Invesco QQQ Trust Company Profile

(Get Rating)

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.

See Also

Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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