Bellecapital International Ltd. Decreases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Bellecapital International Ltd. lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 10.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,258 shares of the exchange traded fund’s stock after selling 146 shares during the quarter. Bellecapital International Ltd.’s holdings in Invesco QQQ were worth $614,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. New Covenant Trust Company N.A. purchased a new stake in shares of Invesco QQQ during the first quarter worth about $28,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ during the second quarter worth $30,000. Chelsea Counsel Co. acquired a new position in shares of Invesco QQQ in the 1st quarter valued at about $40,000. CGC Financial Services LLC grew its position in shares of Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 81 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its stake in Invesco QQQ by 30.4% during 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 currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.5 %

Shares of NASDAQ:QQQ traded down $2.35 during trading on Monday, hitting $492.12. 8,480,834 shares of the company traded hands, compared to its average volume of 38,870,844. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The business’s fifty day moving average is $477.68 and its 200-day moving average is $465.15.

Invesco QQQ Cuts Dividend

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