Invesco QQQ (NASDAQ:QQQ) Shares Sold by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 18.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,538 shares of the exchange traded fund’s stock after selling 14,757 shares during the quarter. Invesco QQQ makes up about 2.6% of Arete Wealth Advisors LLC’s holdings, making the stock its 3rd biggest position. Arete Wealth Advisors LLC’s holdings in Invesco QQQ were worth $31,011,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Socha Financial Group LLC increased its position in Invesco QQQ by 2.4% during the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after acquiring an additional 2,171 shares during the period. Archer Investment Corp increased its holdings in shares of Invesco QQQ by 10.2% during the 3rd quarter. Archer Investment Corp now owns 43,603 shares of the exchange traded fund’s stock worth $21,281,000 after purchasing an additional 4,025 shares during the period. Bank Hapoalim BM raised its position in shares of Invesco QQQ by 5.5% during the third quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock valued at $59,250,000 after buying an additional 6,347 shares during the last quarter. Garden State Investment Advisory Services LLC lifted its stake in shares of Invesco QQQ by 20.7% in the third quarter. Garden State Investment Advisory Services LLC now owns 33,082 shares of the exchange traded fund’s stock valued at $16,191,000 after buying an additional 5,673 shares during the period. Finally, Marco Investment Management LLC grew its position in Invesco QQQ by 48.1% during the third quarter. Marco Investment Management LLC now owns 9,621 shares of the exchange traded fund’s stock worth $4,696,000 after buying an additional 3,123 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $520.60 on Wednesday. Invesco QQQ has a 1-year low of $391.53 and a 1-year high of $526.72. The business’s 50 day moving average is $500.28 and its 200-day moving average is $482.21.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend 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.