Crew Capital Management Ltd. Has $2.27 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Crew Capital Management Ltd. decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 67.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,650 shares of the exchange traded fund’s stock after selling 9,577 shares during the period. Invesco QQQ accounts for about 1.8% of Crew Capital Management Ltd.’s holdings, making the stock its 8th largest holding. Crew Capital Management Ltd.’s holdings in Invesco QQQ were worth $2,270,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. Congress Asset Management Co. MA bought a new position in Invesco QQQ during the 1st quarter valued at approximately $215,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Invesco QQQ in the 1st quarter worth approximately $699,000. Range Financial Group LLC grew its stake in shares of Invesco QQQ by 5.8% in the 1st quarter. Range Financial Group LLC now owns 762 shares of the exchange traded fund’s stock worth $338,000 after buying an additional 42 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC grew its stake in shares of Invesco QQQ by 4.9% in the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 3,018 shares of the exchange traded fund’s stock worth $1,344,000 after buying an additional 142 shares during the last quarter. Finally, CGN Advisors LLC grew its stake in shares of Invesco QQQ by 47.4% in the 1st quarter. CGN Advisors LLC now owns 1,213 shares of the exchange traded fund’s stock worth $539,000 after buying an additional 390 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded down $0.44 during midday trading on Monday, hitting $494.03. The company had a trading volume of 11,143,198 shares, compared to its average volume of 38,881,652. The company has a 50 day moving average of $477.68 and a 200 day moving average of $465.15. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a dividend of $0.677 per share. The ex-dividend date is 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.