WESPAC Advisors SoCal LLC Has $670,000 Position in Invesco QQQ (NASDAQ:QQQ)

WESPAC Advisors SoCal LLC cut its position in Invesco QQQ (NASDAQ:QQQ) by 6.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,372 shares of the exchange traded fund’s stock after selling 96 shares during the period. WESPAC Advisors SoCal LLC’s holdings in Invesco QQQ were worth $670,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new position in Invesco QQQ during the first quarter worth about $28,000. Mechanics Financial Corp bought a new position in shares of Invesco QQQ during the 2nd quarter valued at about $30,000. Chelsea Counsel Co. acquired a new position in shares of Invesco QQQ in the 1st quarter valued at approximately $40,000. CGC Financial Services LLC increased its stake in Invesco QQQ by 736.4% during the 2nd 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 in the last quarter. Finally, PFG Private Wealth Management LLC increased its stake in 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 worth $58,000 after purchasing an additional 103 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 2.4 %

Shares of QQQ opened at $496.57 on Friday. Invesco QQQ has a twelve month low of $382.66 and a twelve month high of $515.58. The firm’s 50 day moving average price is $489.33 and its two-hundred day moving average price is $474.46.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were given a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.55%.

Invesco QQQ 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.