Oppenheimer & Co. Inc. Reduces Holdings in Invesco QQQ (NASDAQ:QQQ)

Oppenheimer & Co. Inc. decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,099 shares of the exchange traded fund’s stock after selling 6,778 shares during the quarter. Invesco QQQ accounts for about 1.0% of Oppenheimer & Co. Inc.’s investment portfolio, making the stock its 12th largest position. Oppenheimer & Co. Inc.’s holdings in Invesco QQQ were worth $66,426,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQ. WFA Asset Management Corp raised its position in shares of Invesco QQQ by 70.6% during the first quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock valued at $2,032,000 after buying an additional 1,894 shares during the last quarter. PBCay One RSC Ltd increased its position in Invesco QQQ by 6.2% in the first quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock worth $166,504,000 after purchasing an additional 22,000 shares during the last quarter. Russell Investments Group Ltd. increased its position in Invesco QQQ by 140.6% in the first quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock worth $108,000 after purchasing an additional 142 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Invesco QQQ in the first quarter worth $844,000. Finally, Interchange Capital Partners LLC bought a new stake in Invesco QQQ in the first quarter worth $214,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2 %

QQQ stock traded down $1.10 during mid-day trading on Wednesday, reaching $511.81. 2,617,507 shares of the stock traded hands, compared to its average volume of 38,137,129. Invesco QQQ has a one year low of $382.66 and a one year high of $515.58. The business has a 50-day moving average price of $486.39 and a two-hundred day moving average price of $473.15.

Invesco QQQ Cuts Dividend

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