Legend Financial Advisors Inc. Has $12.64 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Legend Financial Advisors Inc. trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,896 shares of the exchange traded fund’s stock after selling 1,079 shares during the quarter. Invesco QQQ comprises approximately 8.7% of Legend Financial Advisors Inc.’s investment portfolio, making the stock its 3rd biggest position. Legend Financial Advisors Inc.’s holdings in Invesco QQQ were worth $12,639,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. Global Assets Advisory LLC acquired a new stake in shares of Invesco QQQ during the first quarter worth $1,580,776,000. Steel Grove Capital Advisors LLC lifted its holdings in shares of Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after buying an additional 3,102,568 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in shares of Invesco QQQ by 18,691.3% during the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after buying an additional 2,762,571 shares in the last quarter. Granite Bay Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after buying an additional 894,532 shares in the last quarter. Finally, Harvard Management Co. Inc. acquired a new position in Invesco QQQ in the first quarter valued at about $304,591,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.7 %

QQQ stock opened at $494.47 on Friday. The business has a 50-day simple moving average of $477.68 and a 200 day simple moving average of $464.82. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be paid a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is 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.