Asset Allocation & Administration Firm LLC trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 13.9% in the course of the third quarter, in keeping with its most up-to-date submitting with the Securities and Change Fee. The agency owned 3,484 shares of the trade traded fund’s inventory after promoting 564 shares in the course of the quarter. Invesco QQQ contains 1.1% of Asset Allocation & Administration Firm LLC’s portfolio, making the inventory its nineteenth largest place. Asset Allocation & Administration Firm LLC’s holdings in Invesco QQQ had been price $1,700,000 as of its most up-to-date submitting with the Securities and Change Fee.
Quite a lot of different institutional traders and hedge funds have additionally made modifications to their positions in QQQ. Metal Grove Capital Advisors LLC elevated its place in Invesco QQQ by 934.0% within the 1st quarter. Metal Grove Capital Advisors LLC now owns 3,434,759 shares of the trade traded fund’s inventory valued at $1,525,067,000 after buying an extra 3,102,568 shares in the course of the interval. Strategic Monetary Ideas LLC elevated its place in Invesco QQQ by 18,691.3% within the 2nd quarter. Strategic Monetary Ideas LLC now owns 2,777,351 shares of the trade traded fund’s inventory valued at $13,307,000 after buying an extra 2,762,571 shares in the course of the interval. Granite Bay Wealth Administration LLC elevated its place in Invesco QQQ by 6,215.5% within the 2nd quarter. Granite Bay Wealth Administration LLC now owns 908,924 shares of the trade traded fund’s inventory valued at $409,513,000 after buying an extra 894,532 shares in the course of the interval. Harvard Administration Co. Inc. acquired a brand new stake in Invesco QQQ within the 1st quarter valued at roughly $304,591,000. Lastly, Mirae Asset Securities USA Inc. acquired a brand new stake in Invesco QQQ within the 2nd quarter valued at roughly $215,600,000. 44.58% of the inventory is at present owned by institutional traders and hedge funds.
Invesco QQQ Inventory Down 1.5 %
Shares of NASDAQ QQQ opened at $488.36 on Thursday. The inventory has a fifty day shifting common worth of $479.75 and a two-hundred day shifting common worth of $466.12. Invesco QQQ has a 1 yr low of $342.35 and a 1 yr excessive of $503.52.
Invesco QQQ Cuts Dividend
The corporate additionally not too long ago declared a quarterly dividend, which can be paid on Thursday, October thirty first. Shareholders of file on Monday, September twenty third can be paid a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized foundation and a yield of 0.55%. The ex-dividend date of this dividend is Monday, September twenty third.
Invesco QQQ Firm Profile
PowerShares QQQ Belief, Sequence 1 is a unit funding belief that points securities known as Nasdaq-100 Index Monitoring Inventory. The Belief’s funding goal is to supply funding outcomes that typically correspond to the worth and yield efficiency of the Nasdaq-100 Index. The Belief gives traders with the chance to buy models of helpful curiosity within the Belief representing proportionate undivided pursuits within the portfolio of securities held by the Belief, which consists of considerably all the securities, in considerably the identical weighting, because the part securities of the Nasdaq-100 Index.
Really useful Tales
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