Invesco QQQ (NASDAQ:QQQ) Shares Sold by Baron Financial Group LLC

Baron Financial Group LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 3.3% during the third quarter, Holdings Channel reports. The firm owned 22,557 shares of the exchange traded fund’s stock after selling 772 shares during the period. Invesco QQQ comprises 6.7% of Baron Financial Group LLC’s portfolio, making the stock its 4th largest holding. Baron Financial Group LLC’s holdings in Invesco QQQ were worth $11,009,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of QQQ. Embree Financial Group raised its position in shares of Invesco QQQ by 4.4% in the 3rd quarter. Embree Financial Group now owns 115,080 shares of the exchange traded fund’s stock worth $56,167,000 after acquiring an additional 4,858 shares in the last quarter. Seamount Financial Group Inc. grew its stake in Invesco QQQ by 2.3% during the third quarter. Seamount Financial Group Inc. now owns 5,369 shares of the exchange traded fund’s stock worth $2,620,000 after purchasing an additional 120 shares during the period. Integris Wealth Management LLC bought a new stake in Invesco QQQ in the third quarter worth approximately $239,000. Key Client Fiduciary Advisors LLC lifted its stake in Invesco QQQ by 8.5% in the third quarter. Key Client Fiduciary Advisors LLC now owns 7,922 shares of the exchange traded fund’s stock valued at $3,866,000 after buying an additional 618 shares during the period. Finally, TriaGen Wealth Management LLC bought a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $270,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.7 %

Shares of QQQ stock opened at $494.47 on Friday. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52. The firm has a 50 day moving average of $477.68 and a 200-day moving average of $464.99.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.

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.