Invesco QQQ (NASDAQ:QQQ) Stock Holdings Lessened by McElhenny Sheffield Capital Management LLC

McElhenny Sheffield Capital Management LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 93,957 shares of the exchange traded fund’s stock after selling 4,188 shares during the quarter. Invesco QQQ accounts for approximately 15.0% of McElhenny Sheffield Capital Management LLC’s investment portfolio, making the stock its 2nd largest position. McElhenny Sheffield Capital Management LLC’s holdings in Invesco QQQ were worth $45,858,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Atwater Malick LLC bought a new stake in shares of Invesco QQQ in the 1st quarter worth about $293,000. Westwood Holdings Group Inc. raised its position in Invesco QQQ by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after purchasing an additional 1,993 shares during the period. Socha Financial Group LLC lifted its stake in shares of Invesco QQQ by 1.3% in the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after purchasing an additional 1,153 shares during the last quarter. SVB Wealth LLC lifted its stake in shares of Invesco QQQ by 15.2% in the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after purchasing an additional 2,453 shares during the last quarter. Finally, WFA Asset Management Corp boosted its holdings in shares of Invesco QQQ by 70.6% in the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after purchasing an additional 1,894 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $494.47 on Monday. The stock’s fifty day moving average is $477.68 and its 200 day moving average is $465.15. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Cuts Dividend

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

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.