CFM Wealth Partners LLC Sells 820 Shares of Invesco QQQ (NASDAQ:QQQ)

CFM Wealth Partners LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,807 shares of the exchange traded fund’s stock after selling 820 shares during the quarter. Invesco QQQ accounts for approximately 1.5% of CFM Wealth Partners LLC’s investment portfolio, making the stock its 18th biggest holding. CFM Wealth Partners LLC’s holdings in Invesco QQQ were worth $7,018,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in QQQ. Prospect Financial Services LLC grew its position in Invesco QQQ by 0.3% in the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after purchasing an additional 21 shares during the period. Skyline Advisors Inc. grew its position in Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after purchasing an additional 21 shares during the period. Sweeney & Michel LLC lifted its stake in Invesco QQQ by 4.0% during the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock valued at $286,000 after acquiring an additional 22 shares in the last quarter. Family Firm Inc. lifted its stake in Invesco QQQ by 3.1% during the 2nd quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock valued at $354,000 after acquiring an additional 22 shares in the last quarter. Finally, Merriman Wealth Management LLC lifted its stake in Invesco QQQ by 0.5% during the 2nd quarter. Merriman Wealth Management LLC now owns 5,044 shares of the exchange traded fund’s stock valued at $2,420,000 after acquiring an additional 23 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $490.85 on Wednesday. The stock’s fifty day simple moving average is $474.82 and its two-hundred day simple moving average is $464.10. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid 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.

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.