Buck Wealth Strategies LLC Sells 729 Shares of Invesco QQQ (NASDAQ:QQQ)

Buck Wealth Strategies LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 5.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,876 shares of the exchange traded fund’s stock after selling 729 shares during the quarter. Buck Wealth Strategies LLC’s holdings in Invesco QQQ were worth $6,285,000 as of its most recent SEC filing.

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

Invesco QQQ Price Performance

Shares of QQQ stock opened at $512.91 on Wednesday. The stock has a 50-day moving average of $485.37 and a 200-day moving average of $472.57. Invesco QQQ has a 1-year low of $375.24 and a 1-year high of $515.58.

Invesco QQQ Cuts Dividend

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

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.