Oak Harbor Wealth Partners LLC Lowers Holdings in Invesco QQQ (NASDAQ:QQQ)

Oak Harbor Wealth Partners LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,458 shares of the exchange traded fund’s stock after selling 406 shares during the quarter. Invesco QQQ comprises approximately 1.7% of Oak Harbor Wealth Partners LLC’s holdings, making the stock its 14th largest position. Oak Harbor Wealth Partners LLC’s holdings in Invesco QQQ were worth $6,080,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. New Covenant Trust Company N.A. purchased a new position in Invesco QQQ during the first quarter valued at $28,000. Mechanics Financial Corp purchased a new stake in Invesco QQQ in the 2nd quarter worth $30,000. Chelsea Counsel Co. bought a new position in shares of Invesco QQQ during the 1st quarter valued at about $40,000. CGC Financial Services LLC grew its position in shares of Invesco QQQ by 736.4% during the second 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 in the last quarter. Finally, PFG Private Wealth Management LLC increased its holdings in shares of 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 worth $58,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.7 %

NASDAQ:QQQ opened at $508.69 on Friday. The business’s 50-day moving average is $487.42 and its 200 day moving average is $473.42. Invesco QQQ has a 12 month low of $382.66 and a 12 month high of $515.58.

Invesco QQQ Cuts Dividend

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

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.