Invesco QQQ (NASDAQ:QQQ) is Prudent Investors Network Inc.’s 2nd Largest Position

Prudent Investors Network Inc. reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,258 shares of the exchange traded fund’s stock after selling 3,317 shares during the period. Invesco QQQ accounts for about 8.9% of Prudent Investors Network Inc.’s investment portfolio, making the stock its 2nd largest holding. Prudent Investors Network Inc.’s holdings in Invesco QQQ were worth $28,922,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of QQQ. New Covenant Trust Company N.A. purchased a new position in Invesco QQQ in the first quarter worth about $28,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ in the second quarter worth approximately $30,000. Chelsea Counsel Co. bought a new stake in shares of Invesco QQQ in the first quarter worth approximately $40,000. CGC Financial Services LLC grew its stake in shares of Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. grew its stake in shares of Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after acquiring an additional 24 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 2.7 %

Shares of QQQ stock opened at $505.58 on Thursday. The company has a 50 day moving average price of $483.00 and a 200-day moving average price of $470.34. Invesco QQQ has a 52 week low of $369.05 and a 52 week high of $506.41.

Invesco QQQ Cuts Dividend

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

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.