Invesco QQQ (NASDAQ:QQQ) Holdings Reduced by GoalVest Advisory LLC

GoalVest Advisory LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 18.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 396 shares of the exchange traded fund’s stock after selling 91 shares during the period. GoalVest Advisory LLC’s holdings in Invesco QQQ were worth $193,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ in the first quarter valued at approximately $28,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ during the second quarter valued at approximately $30,000. Chelsea Counsel Co. acquired a new stake in Invesco QQQ during the first quarter valued at approximately $40,000. CGC Financial Services LLC lifted its stake in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 81 shares during the last quarter. Finally, PFG Private Wealth Management LLC lifted its stake in Invesco QQQ by 572.2% during the second quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 103 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $496.57 on Friday. Invesco QQQ has a 12 month low of $382.66 and a 12 month high of $515.58. The firm has a 50 day simple moving average of $489.33 and a 200 day simple moving average of $474.46.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were given a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.55%.

Invesco QQQ 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.