Invesco QQQ (NASDAQ:QQQ) Holdings Decreased by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 50.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,949 shares of the exchange traded fund’s stock after selling 38,420 shares during the period. Invesco QQQ makes up about 4.9% of Dumont & Blake Investment Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Dumont & Blake Investment Advisors LLC’s holdings in Invesco QQQ were worth $18,522,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of QQQ. Trust Co. of Virginia VA purchased a new position in Invesco QQQ in the 1st quarter worth approximately $306,000. Grimes & Company Inc. increased its stake in Invesco QQQ by 4.1% during the 1st quarter. Grimes & Company Inc. now owns 5,206 shares of the exchange traded fund’s stock worth $2,311,000 after buying an additional 203 shares during the period. Home Federal Bank of Tennessee boosted its holdings in Invesco QQQ by 10.8% in the first quarter. Home Federal Bank of Tennessee now owns 4,563 shares of the exchange traded fund’s stock valued at $2,026,000 after purchasing an additional 443 shares during the period. CRA Financial Services LLC boosted its stake in shares of Invesco QQQ by 4.4% in the 1st quarter. CRA Financial Services LLC now owns 36,604 shares of the exchange traded fund’s stock valued at $16,252,000 after buying an additional 1,551 shares during the period. Finally, Winthrop Advisory Group LLC lifted its stake in Invesco QQQ by 5.1% in the first quarter. Winthrop Advisory Group LLC now owns 106,758 shares of the exchange traded fund’s stock worth $47,463,000 after acquiring an additional 5,217 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.6 %

QQQ opened at $495.32 on Friday. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The business’s 50-day simple moving average is $480.10 and its 200-day simple moving average is $466.30.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.

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.