Custom Index Systems LLC Cuts Stake in Invesco QQQ (NASDAQ:QQQ)

Custom Index Systems LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 38.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,587 shares of the exchange traded fund’s stock after selling 982 shares during the quarter. Custom Index Systems LLC’s holdings in Invesco QQQ were worth $775,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in QQQ. FIDELIS iM LLC purchased a new position in shares of Invesco QQQ in the first quarter worth $398,000. Richardson Capital Management LLC increased its holdings in Invesco QQQ by 3,792.5% in the 1st quarter. Richardson Capital Management LLC now owns 2,063 shares of the exchange traded fund’s stock valued at $916,000 after acquiring an additional 2,010 shares during the last quarter. Cornerstone Wealth Group LLC increased its holdings in Invesco QQQ by 47.2% in the 1st quarter. Cornerstone Wealth Group LLC now owns 3,463 shares of the exchange traded fund’s stock valued at $1,538,000 after acquiring an additional 1,110 shares during the last quarter. Avalon Capital Management lifted its stake in Invesco QQQ by 5.8% in the 1st quarter. Avalon Capital Management now owns 2,421 shares of the exchange traded fund’s stock worth $1,075,000 after purchasing an additional 133 shares in the last quarter. Finally, Gradient Capital Advisors LLC boosted its holdings in shares of Invesco QQQ by 3.1% during the 1st quarter. Gradient Capital Advisors LLC now owns 1,005 shares of the exchange traded fund’s stock valued at $446,000 after purchasing an additional 30 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.6 %

Shares of Invesco QQQ stock traded up $3.00 during trading on Friday, reaching $495.32. 38,762,143 shares of the stock traded hands, compared to its average volume of 38,829,707. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52. The business has a fifty day simple moving average of $480.51 and a two-hundred day simple moving average of $466.85.

Invesco QQQ Cuts Dividend

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