Invesco QQQ (NASDAQ:QQQ) Shares Sold by Dock Street Asset Management Inc.

Dock Street Asset Management Inc. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.4% in the third quarter, Holdings Channel.com reports. The fund owned 3,233 shares of the exchange traded fund’s stock after selling 47 shares during the period. Invesco QQQ comprises 0.2% of Dock Street Asset Management Inc.’s portfolio, making the stock its 27th biggest holding. Dock Street Asset Management Inc.’s holdings in Invesco QQQ were worth $1,578,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of QQQ. Steel Grove Capital Advisors LLC lifted its position in shares of Invesco QQQ by 934.0% in 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 purchasing an additional 3,102,568 shares in the last quarter. Strategic Financial Concepts LLC lifted its position in shares of Invesco QQQ by 18,691.3% in 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 purchasing an additional 2,762,571 shares in the last quarter. Granite Bay Wealth Management LLC lifted its position in shares of Invesco QQQ by 6,215.5% in 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 purchasing an additional 894,532 shares in the last quarter. Harvard Management Co. Inc. purchased a new stake in shares of Invesco QQQ in the first quarter worth approximately $304,591,000. Finally, Mirae Asset Securities USA Inc. purchased a new stake in shares of Invesco QQQ in the second quarter worth approximately $215,600,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded down $0.91 during mid-day trading on Tuesday, reaching $494.51. The company had a trading volume of 11,025,026 shares, compared to its average volume of 38,833,828. The stock has a fifty day moving average of $478.57 and a two-hundred day moving average of $465.57. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Cuts Dividend

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

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.