Concentric Wealth Management LLC Sells 40 Shares of Invesco QQQ (NASDAQ:QQQ)

Concentric Wealth Management LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,320 shares of the exchange traded fund’s stock after selling 40 shares during the quarter. Concentric Wealth Management LLC’s holdings in Invesco QQQ were worth $1,132,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. New Covenant Trust Company N.A. acquired a new stake in shares of Invesco QQQ during the first quarter worth $28,000. Mechanics Financial Corp acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at about $30,000. Chelsea Counsel Co. bought a new stake in shares of Invesco QQQ during the 1st quarter valued at about $40,000. CGC Financial Services LLC grew its stake in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares during the period. Finally, PFG Private Wealth Management LLC lifted its stake in Invesco QQQ by 572.2% in the second quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 103 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.2 %

Shares of QQQ stock opened at $505.79 on Monday. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $515.58. The firm has a 50 day moving average of $493.08 and a 200-day moving average of $477.19.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.54%. 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.