Invesco QQQ (NASDAQ:QQQ) is Ameritas Advisory Services LLC’s 2nd Largest Position

Ameritas Advisory Services LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 31.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 119,724 shares of the exchange traded fund’s stock after selling 55,364 shares during the period. Invesco QQQ accounts for 2.5% of Ameritas Advisory Services LLC’s investment portfolio, making the stock its 2nd biggest holding. Ameritas Advisory Services LLC’s holdings in Invesco QQQ were worth $58,433,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ in the 1st quarter valued at approximately $28,000. Mechanics Financial Corp purchased a new stake in shares of Invesco QQQ during the second quarter worth $30,000. Chelsea Counsel Co. purchased a new stake in shares of Invesco QQQ during the first quarter worth $40,000. CGC Financial Services LLC boosted its position in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 81 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. grew its stake 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 purchasing an additional 24 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.6 %

QQQ opened at $488.91 on Tuesday. Invesco QQQ has a fifty-two week low of $366.91 and a fifty-two week high of $503.52. The business has a 50-day moving average of $482.01 and a 200-day moving average of $469.55.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.