Claro Advisors LLC Sells 14,748 Shares of Invesco QQQ (NASDAQ:QQQ)

Claro Advisors LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 64.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,210 shares of the exchange traded fund’s stock after selling 14,748 shares during the quarter. Claro Advisors LLC’s holdings in Invesco QQQ were worth $4,007,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Congress Asset Management Co. MA purchased a new stake in shares of Invesco QQQ in the first quarter worth approximately $215,000. City State Bank grew its position in Invesco QQQ by 34.4% in the 1st quarter. City State Bank now owns 527 shares of the exchange traded fund’s stock valued at $234,000 after acquiring an additional 135 shares during the last quarter. Bangor Savings Bank increased its stake in Invesco QQQ by 29.6% in the first quarter. Bangor Savings Bank now owns 875 shares of the exchange traded fund’s stock worth $389,000 after purchasing an additional 200 shares during the period. Salem Investment Counselors Inc. lifted its position in shares of Invesco QQQ by 0.7% during the first quarter. Salem Investment Counselors Inc. now owns 5,816 shares of the exchange traded fund’s stock worth $2,586,000 after purchasing an additional 42 shares during the last quarter. Finally, Beacon Capital Management Inc. boosted its stake in shares of Invesco QQQ by 1,023.5% during the first quarter. Beacon Capital Management Inc. now owns 121,754 shares of the exchange traded fund’s stock valued at $54,174,000 after purchasing an additional 110,917 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $494.47 on Friday. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52. The company’s 50-day moving average price is $477.68 and its 200-day moving average price is $464.82.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend 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.