Invesco QQQ $QQQ Stock Position Lowered by Glenview Trust Co

Glenview Trust Co reduced its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 13.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 8,389 shares of the exchange traded fund’s stock after selling 1,281 shares during the period. Glenview Trust Co’s holdings in Invesco QQQ were worth $6,206,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in QQQ. Parvin Asset Management LLC acquired a new position in Invesco QQQ during the first quarter worth approximately $28,000. High Point Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 68.0% in the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 17 shares during the period. Financial Management Professionals Inc. boosted its holdings in shares of Invesco QQQ by 83.3% in the second quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 25 shares during the period. Bullseye Investment Management LLC acquired a new stake in shares of Invesco QQQ in the second quarter valued at approximately $44,000. Finally, DecisionPoint Financial LLC grew its position in shares of Invesco QQQ by 65.0% during the third quarter. DecisionPoint Financial LLC now owns 66 shares of the exchange traded fund’s stock worth $49,000 after acquiring an additional 26 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ opened at $690.49 on Friday. The company’s 50 day simple moving average is $725.00 and its 200-day simple moving average is $679.01. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $762.86.

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 paid a dividend of $0.7514 per share. The ex-dividend date was Monday, September 21st. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%. This is a decrease from Invesco QQQ’s previous quarterly dividend of $0.8135.

Key Stories Impacting Invesco QQQ

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

Invesco QQQ Company 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.