Invesco QQQ (NASDAQ:QQQ) Shares Sold by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 27.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,633 shares of the exchange traded fund’s stock after selling 24,662 shares during the quarter. Invesco QQQ comprises approximately 3.6% of Clear Creek Financial Management LLC’s investment portfolio, making the stock its 4th biggest position. Clear Creek Financial Management LLC’s holdings in Invesco QQQ were worth $32,034,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. WFA Asset Management Corp lifted its holdings in shares of Invesco QQQ by 70.6% during the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after acquiring an additional 1,894 shares during the period. PBCay One RSC Ltd raised its holdings in shares of Invesco QQQ by 6.2% during the 1st quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock worth $166,504,000 after buying an additional 22,000 shares in the last quarter. GSB Wealth Management LLC lifted its position in shares of Invesco QQQ by 2.1% during the 1st quarter. GSB Wealth Management LLC now owns 8,541 shares of the exchange traded fund’s stock worth $3,792,000 after buying an additional 176 shares during the last quarter. Lwmg LLC boosted its stake in Invesco QQQ by 1.1% in the first quarter. Lwmg LLC now owns 70,256 shares of the exchange traded fund’s stock valued at $31,194,000 after buying an additional 789 shares in the last quarter. Finally, Graypoint LLC raised its stake in Invesco QQQ by 70.9% during the first quarter. Graypoint LLC now owns 1,514 shares of the exchange traded fund’s stock worth $672,000 after acquiring an additional 628 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $487.43 on Friday. The firm has a 50-day moving average price of $481.80 and a 200-day moving average price of $468.80. Invesco QQQ has a 12 month low of $360.30 and a 12 month high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Monday, September 23rd.

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.