Soltis Investment Advisors LLC Trims Stake in Invesco QQQ (NASDAQ:QQQ)

Soltis Investment Advisors LLC lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 6.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,533 shares of the exchange traded fund’s stock after selling 1,654 shares during the period. Invesco QQQ comprises approximately 1.2% of Soltis Investment Advisors LLC’s investment portfolio, making the stock its 16th largest holding. Soltis Investment Advisors LLC’s holdings in Invesco QQQ were worth $11,974,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQ. Rehmann Capital Advisory Group grew its position in shares of Invesco QQQ by 6.1% during the 3rd quarter. Rehmann Capital Advisory Group now owns 23,616 shares of the exchange traded fund’s stock valued at $11,527,000 after acquiring an additional 1,365 shares during the period. TD Private Client Wealth LLC grew its holdings in Invesco QQQ by 4.6% in the third quarter. TD Private Client Wealth LLC now owns 87,295 shares of the exchange traded fund’s stock valued at $42,606,000 after purchasing an additional 3,839 shares during the period. Toronto Dominion Bank grew its holdings in Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after purchasing an additional 488,815 shares during the period. Wilson & Boucher Capital Management LLC increased its position in shares of Invesco QQQ by 14.4% in the third quarter. Wilson & Boucher Capital Management LLC now owns 1,848 shares of the exchange traded fund’s stock valued at $902,000 after buying an additional 232 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in shares of Invesco QQQ by 10.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 23,551 shares of the exchange traded fund’s stock worth $11,503,000 after buying an additional 2,237 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.3 %

Shares of NASDAQ:QQQ opened at $520.60 on Wednesday. The business’s 50 day moving average price is $500.28 and its 200-day moving average price is $482.21. Invesco QQQ has a 1 year low of $391.53 and a 1 year high of $526.72.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.52%. 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.