PFS Partners LLC Has $720,000 Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

PFS Partners LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,476 shares of the exchange traded fund’s stock after selling 35 shares during the period. Invesco QQQ accounts for 0.4% of PFS Partners LLC’s portfolio, making the stock its 24th largest position. PFS Partners LLC’s holdings in Invesco QQQ were worth $720,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ in the 1st quarter worth approximately $28,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ during the 2nd quarter valued at about $30,000. Chelsea Counsel Co. acquired a new stake in Invesco QQQ during the first quarter valued at approximately $40,000. CGC Financial Services LLC lifted its holdings in shares of Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. increased its holdings in shares of Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 24 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $514.14 on Friday. Invesco QQQ has a twelve month low of $369.57 and a twelve month high of $514.92. The business has a fifty day moving average of $484.62 and a 200-day moving average of $471.30.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was 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.