Oak Harbor Wealth Partners LLC Trims Position in Invesco QQQ (NASDAQ:QQQ)

Oak Harbor Wealth Partners LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 3.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,458 shares of the exchange traded fund’s stock after selling 406 shares during the quarter. Invesco QQQ makes up 1.7% of Oak Harbor Wealth Partners LLC’s portfolio, making the stock its 14th biggest holding. Oak Harbor Wealth Partners LLC’s holdings in Invesco QQQ were worth $6,080,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. New Covenant Trust Company N.A. bought a new position in Invesco QQQ in the 1st quarter worth $28,000. Mechanics Financial Corp bought a new position in shares of Invesco QQQ in the second quarter worth about $30,000. Chelsea Counsel Co. purchased a new position in shares of Invesco QQQ during the 1st quarter valued at about $40,000. CGC Financial Services LLC lifted 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 in the last quarter. Finally, PFG Private Wealth Management LLC grew its stake in shares of Invesco QQQ by 572.2% during the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 103 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $508.69 on Friday. Invesco QQQ has a 12 month low of $382.66 and a 12 month high of $515.58. The company’s 50 day moving average is $487.42 and its two-hundred day moving average is $473.42.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.53%.

About Invesco QQQ

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.