Invesco QQQ $QQQ Stock: Optima Capital LLC Decreases Stake

Optima Capital LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 28.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,195 shares of the exchange traded fund’s stock after selling 2,021 shares during the quarter. Invesco QQQ accounts for 1.5% of Optima Capital LLC’s investment portfolio, making the stock its 18th biggest holding. Optima Capital LLC’s holdings in Invesco QQQ were worth $3,845,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Parvin Asset Management LLC bought a new position in Invesco QQQ during the first quarter worth about $28,000. High Point Wealth Management LLC lifted its stake in shares of Invesco QQQ by 68.0% during the 2nd quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 17 shares during the last quarter. Financial Management Professionals Inc. boosted its holdings in shares of Invesco QQQ by 83.3% during the 2nd quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 25 shares during the period. Bullseye Investment Management LLC bought a new stake in shares of Invesco QQQ during the 2nd quarter worth about $44,000. Finally, DecisionPoint Financial LLC grew its stake in Invesco QQQ by 65.0% in the 3rd quarter. DecisionPoint Financial LLC now owns 66 shares of the exchange traded fund’s stock valued at $49,000 after buying an additional 26 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $690.49 on Monday. The stock’s 50 day moving average is $725.00 and its 200-day 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 $0.7514 dividend. This represents a $3.01 annualized dividend and a dividend yield of 0.4%. This is a drop from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date was Monday, September 21st.

Key Headlines Impacting Invesco QQQ

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

About Invesco QQQ

(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.

See Also

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)

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