Diversified LLC Sells 145 Shares of Invesco QQQ (NASDAQ:QQQ)

Diversified LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,220 shares of the exchange traded fund’s stock after selling 145 shares during the quarter. Diversified LLC’s holdings in Invesco QQQ were worth $2,548,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Truvestments Capital LLC raised its holdings in Invesco QQQ by 506.7% during the 3rd quarter. Truvestments Capital LLC now owns 35,646 shares of the exchange traded fund’s stock worth $17,398,000 after purchasing an additional 29,771 shares during the last quarter. Alliance Wealth Management Group raised its holdings in Invesco QQQ by 30.2% during the 3rd quarter. Alliance Wealth Management Group now owns 2,562 shares of the exchange traded fund’s stock worth $1,250,000 after purchasing an additional 595 shares during the last quarter. Harvest Fund Management Co. Ltd raised its holdings in Invesco QQQ by 95.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,145 shares of the exchange traded fund’s stock worth $559,000 after purchasing an additional 558 shares during the last quarter. Davis R M Inc. raised its holdings in Invesco QQQ by 3.2% during the 3rd quarter. Davis R M Inc. now owns 3,789 shares of the exchange traded fund’s stock worth $1,849,000 after purchasing an additional 118 shares during the last quarter. Finally, Garner Asset Management Corp raised its holdings in Invesco QQQ by 18.3% during the 3rd quarter. Garner Asset Management Corp now owns 23,645 shares of the exchange traded fund’s stock worth $11,541,000 after purchasing an additional 3,656 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $509.69 on Monday. Invesco QQQ has a 1-year low of $382.66 and a 1-year high of $515.58. The business has a 50-day moving average price of $493.08 and a two-hundred day moving average price of $477.19.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.53%.

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.