Cherry Creek Investment Advisors Inc. Has $1.52 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Cherry Creek Investment Advisors Inc. trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 11.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,119 shares of the exchange traded fund’s stock after selling 384 shares during the period. Invesco QQQ makes up about 0.8% of Cherry Creek Investment Advisors Inc.’s holdings, making the stock its 29th biggest position. Cherry Creek Investment Advisors Inc.’s holdings in Invesco QQQ were worth $1,522,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Patrick M Sweeney & Associates Inc. lifted its position in Invesco QQQ by 3.1% in the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 3,930 shares of the exchange traded fund’s stock worth $1,918,000 after buying an additional 117 shares in the last quarter. Great Lakes Retirement Inc. increased its stake in shares of Invesco QQQ by 4.6% in the third quarter. Great Lakes Retirement Inc. now owns 7,553 shares of the exchange traded fund’s stock worth $3,687,000 after acquiring an additional 330 shares during the last quarter. Tanager Wealth Management LLP raised its holdings in shares of Invesco QQQ by 1.8% during the third quarter. Tanager Wealth Management LLP now owns 2,085 shares of the exchange traded fund’s stock worth $1,019,000 after acquiring an additional 37 shares in the last quarter. YHB Investment Advisors Inc. boosted its position in Invesco QQQ by 0.9% during the third quarter. YHB Investment Advisors Inc. now owns 6,956 shares of the exchange traded fund’s stock valued at $3,395,000 after purchasing an additional 61 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after purchasing an additional 32,516,210 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $488.36 on Thursday. The stock’s 50 day moving average price is $479.75 and its 200 day moving average price is $466.12. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.