Invesco QQQ $QQQ Stock: Commonwealth Equity Services LLC Cuts Position

Commonwealth Equity Services LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,612,501 shares of the exchange traded fund’s stock after selling 50,667 shares during the period. Invesco QQQ comprises 1.5% of Commonwealth Equity Services LLC’s investment portfolio, making the stock its 6th biggest position. Commonwealth Equity Services LLC’s holdings in Invesco QQQ were worth $1,192,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. TFB Advisors LLC raised its stake in Invesco QQQ by 10.5% during the 3rd quarter. TFB Advisors LLC now owns 8,044 shares of the exchange traded fund’s stock worth $5,950,000 after acquiring an additional 763 shares in the last quarter. Wealth Dimensions Group Ltd. increased its position in Invesco QQQ by 1.9% during the third quarter. Wealth Dimensions Group Ltd. now owns 2,303 shares of the exchange traded fund’s stock worth $1,703,000 after buying an additional 43 shares during the period. Pathway Financial Advisers LLC increased its position in Invesco QQQ by 7.4% during the third quarter. Pathway Financial Advisers LLC now owns 2,448 shares of the exchange traded fund’s stock worth $1,811,000 after buying an additional 169 shares during the period. Wrenne Financial Planning LLC lifted its stake in Invesco QQQ by 6.3% in the third quarter. Wrenne Financial Planning LLC now owns 978 shares of the exchange traded fund’s stock valued at $723,000 after buying an additional 58 shares during the last quarter. Finally, Jacksonville Wealth Management LLC lifted its stake in Invesco QQQ by 7.5% in the third quarter. Jacksonville Wealth Management LLC now owns 25,736 shares of the exchange traded fund’s stock valued at $19,039,000 after buying an additional 1,800 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $647.05 on Friday. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $762.86. The business has a 50 day simple moving average of $722.27 and a 200-day simple moving average of $680.09.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were given a $0.7514 dividend. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date was Monday, September 21st. This represents a $3.01 annualized dividend and a yield of 0.5%.

Key Stories Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.