FLC Capital Advisors Reduces Holdings in Invesco QQQ Trust (NASDAQ:QQQ)

FLC Capital Advisors decreased its position in Invesco QQQ Trust (NASDAQ:QQQ) by 25.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,250 shares of the exchange traded fund’s stock after selling 756 shares during the period. FLC Capital Advisors’ holdings in Invesco QQQ Trust were worth $640,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Frisch Financial Group Inc. grew its stake in shares of Invesco QQQ Trust by 0.8% in the 2nd quarter. Frisch Financial Group Inc. now owns 4,759 shares of the exchange traded fund’s stock valued at $1,178,000 after buying an additional 37 shares during the period. Key Financial Inc grew its stake in shares of Invesco QQQ Trust by 2.9% in the 2nd quarter. Key Financial Inc now owns 1,403 shares of the exchange traded fund’s stock valued at $341,000 after buying an additional 39 shares during the period. Patten Group Inc. grew its stake in shares of Invesco QQQ Trust by 2.0% in the 3rd quarter. Patten Group Inc. now owns 2,024 shares of the exchange traded fund’s stock valued at $562,000 after buying an additional 39 shares during the period. Sharkey Howes & Javer grew its stake in shares of Invesco QQQ Trust by 2.6% in the 3rd quarter. Sharkey Howes & Javer now owns 1,648 shares of the exchange traded fund’s stock valued at $458,000 after buying an additional 41 shares during the period. Finally, JMG Financial Group Ltd. boosted its position in shares of Invesco QQQ Trust by 2.1% during the 3rd quarter. JMG Financial Group Ltd. now owns 2,065 shares of the exchange traded fund’s stock worth $574,000 after purchasing an additional 43 shares during the period. 42.99% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:QQQ traded down $5.88 during mid-day trading on Monday, reaching $278.86. 2,639,258 shares of the company were exchanged, compared to its average volume of 49,567,922. The firm’s 50-day simple moving average is $278.41 and its 200 day simple moving average is $252.73. Invesco QQQ Trust has a 1 year low of $164.93 and a 1 year high of $303.50.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, September 22nd will be given a dividend of $0.388 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $1.55 dividend on an annualized basis and a dividend yield of 0.56%.

Separately, ValuEngine cut shares of Invesco QQQ Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 2nd.

Invesco QQQ Trust 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.

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

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