Invesco QQQ Trust (NASDAQ:QQQ) Shares Sold by SOL Capital Management CO

SOL Capital Management CO reduced its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,133 shares of the exchange traded fund’s stock after selling 2,220 shares during the quarter. Invesco QQQ Trust comprises 3.7% of SOL Capital Management CO’s portfolio, making the stock its 3rd biggest position. SOL Capital Management CO’s holdings in Invesco QQQ Trust were worth $13,373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. JMG Financial Group Ltd. grew 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 buying an additional 43 shares during the period. Concorde Asset Management LLC grew its position in shares of Invesco QQQ Trust by 31.6% in the 3rd quarter. Concorde Asset Management LLC now owns 1,631 shares of the exchange traded fund’s stock valued at $454,000 after purchasing an additional 392 shares during the period. Ritholtz Wealth Management grew its position in shares of Invesco QQQ Trust by 1.9% in the 3rd quarter. Ritholtz Wealth Management now owns 248,898 shares of the exchange traded fund’s stock valued at $69,154,000 after purchasing an additional 4,652 shares during the period. Bernardo Wealth Planning LLC grew its position in shares of Invesco QQQ Trust by 2.7% in the 3rd quarter. Bernardo Wealth Planning LLC now owns 22,820 shares of the exchange traded fund’s stock valued at $6,340,000 after purchasing an additional 600 shares during the period. Finally, Atlas Capital Advisors LLC grew its position in shares of Invesco QQQ Trust by 12.8% in the 3rd quarter. Atlas Capital Advisors LLC now owns 881 shares of the exchange traded fund’s stock valued at $245,000 after purchasing an additional 100 shares during the period. Institutional investors own 42.99% of the company’s stock.

Shares of QQQ traded down $6.15 on Monday, hitting $278.59. The company’s stock had a trading volume of 1,949,365 shares, compared to its average volume of 49,567,922. The firm’s fifty day moving average price is $278.41 and its 200-day moving average price is $252.73. Invesco QQQ Trust has a fifty-two week low of $164.93 and a fifty-two week high of $303.50.

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

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

Invesco QQQ Trust Company 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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