Valicenti Advisory Services Inc. Has $418,000 Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Valicenti Advisory Services Inc. decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 857 shares of the exchange traded fund’s stock after selling 50 shares during the period. Valicenti Advisory Services Inc.’s holdings in Invesco QQQ were worth $418,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in QQQ. New Covenant Trust Company N.A. acquired a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $28,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ in the second quarter valued at approximately $30,000. Chelsea Counsel Co. acquired a new stake in Invesco QQQ in the first quarter valued at approximately $40,000. CGC Financial Services LLC boosted its position 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 buying an additional 81 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. boosted its position in Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 24 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $492.32 on Friday. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The company’s 50 day moving average price is $479.75 and its two-hundred day moving average price is $466.12.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be given a $0.677 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis 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.