Journey Advisory Group LLC Sells 57 Shares of Invesco QQQ (NASDAQ:QQQ)

Journey Advisory Group LLC reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,016 shares of the exchange traded fund’s stock after selling 57 shares during the quarter. Journey Advisory Group LLC’s holdings in Invesco QQQ were worth $3,361,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its holdings in shares of Invesco QQQ by 1.6% in the third quarter. Larson Financial Group LLC now owns 131,734 shares of the exchange traded fund’s stock valued at $64,296,000 after purchasing an additional 2,064 shares during the last quarter. Baltimore Washington Financial Advisors Inc. grew its position in Invesco QQQ by 1.1% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 186,515 shares of the exchange traded fund’s stock valued at $91,032,000 after purchasing an additional 2,120 shares in the last quarter. Wescott Financial Advisory Group LLC increased its stake in Invesco QQQ by 3.1% in the 3rd quarter. Wescott Financial Advisory Group LLC now owns 144,244 shares of the exchange traded fund’s stock valued at $70,401,000 after buying an additional 4,310 shares during the last quarter. Family Capital Management Inc. lifted its position in Invesco QQQ by 0.9% during the 3rd quarter. Family Capital Management Inc. now owns 33,905 shares of the exchange traded fund’s stock worth $16,548,000 after buying an additional 306 shares in the last quarter. Finally, Lane & Associates LLC boosted its stake in shares of Invesco QQQ by 2.2% during the 3rd quarter. Lane & Associates LLC now owns 2,016 shares of the exchange traded fund’s stock worth $984,000 after buying an additional 44 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.2 %

NASDAQ:QQQ opened at $505.79 on Friday. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58. The stock’s 50-day simple moving average is $493.08 and its 200 day simple moving average is $476.93.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.54%. The ex-dividend date 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.