Aviance Capital Partners LLC Sells 148 Shares of Invesco QQQ (NASDAQ:QQQ)

Aviance Capital Partners LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.4% during the 3rd quarter, Holdings Channel reports. The fund owned 6,141 shares of the exchange traded fund’s stock after selling 148 shares during the period. Aviance Capital Partners LLC’s holdings in Invesco QQQ were worth $2,997,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. New Covenant Trust Company N.A. bought a new position in Invesco QQQ in the first quarter worth about $28,000. Mechanics Financial Corp bought a new position in shares of Invesco QQQ during the 2nd quarter worth approximately $30,000. Chelsea Counsel Co. purchased a new stake in Invesco QQQ during the first quarter valued at approximately $40,000. CGC Financial Services LLC boosted its stake in Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 81 shares in the last quarter. Finally, PFG Private Wealth Management LLC grew its holdings in 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. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.7 %

Shares of NASDAQ:QQQ opened at $500.02 on Tuesday. The business’s 50-day moving average is $490.25 and its 200 day moving average is $475.35. Invesco QQQ has a 1 year low of $382.66 and a 1 year high of $515.58.

Invesco QQQ Cuts Dividend

The business 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 0.54%.

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.