Indiana Trust & Investment Management Co Sells 315 Shares of Invesco QQQ (NASDAQ:QQQ)

Indiana Trust & Investment Management Co decreased its position in Invesco QQQ (NASDAQ:QQQ) by 9.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,113 shares of the exchange traded fund’s stock after selling 315 shares during the period. Indiana Trust & Investment Management Co’s holdings in Invesco QQQ were worth $1,519,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in QQQ. Regent Peak Wealth Advisors LLC grew its stake in shares of Invesco QQQ by 14.8% in the third quarter. Regent Peak Wealth Advisors LLC now owns 3,125 shares of the exchange traded fund’s stock worth $1,525,000 after purchasing an additional 404 shares during the last quarter. Transform Wealth LLC grew its position in shares of Invesco QQQ by 11.8% in the 3rd quarter. Transform Wealth LLC now owns 2,384 shares of the exchange traded fund’s stock worth $1,165,000 after buying an additional 251 shares during the last quarter. Leisure Capital Management increased its stake in shares of Invesco QQQ by 12.6% during the third quarter. Leisure Capital Management now owns 1,118 shares of the exchange traded fund’s stock valued at $546,000 after buying an additional 125 shares during the period. Sentinel Pension Advisors Inc. raised its holdings in shares of Invesco QQQ by 8.3% during the third quarter. Sentinel Pension Advisors Inc. now owns 2,900 shares of the exchange traded fund’s stock valued at $1,415,000 after acquiring an additional 222 shares in the last quarter. Finally, SeaCrest Wealth Management LLC boosted its holdings in Invesco QQQ by 4.7% in the third quarter. SeaCrest Wealth Management LLC now owns 27,981 shares of the exchange traded fund’s stock valued at $13,657,000 after acquiring an additional 1,246 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $490.91 on Thursday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The company’s fifty day simple moving average is $475.94 and its two-hundred day simple moving average is $464.29.

Invesco QQQ Cuts Dividend

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