Legend Financial Advisors Inc. Sells 845 Shares of Invesco QQQ $QQQ

Legend Financial Advisors Inc. lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,635 shares of the exchange traded fund’s stock after selling 845 shares during the period. Invesco QQQ makes up 9.1% of Legend Financial Advisors Inc.’s holdings, making the stock its 2nd biggest position. Legend Financial Advisors Inc.’s holdings in Invesco QQQ were worth $14,790,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Orgel Wealth Management LLC increased its holdings in shares of Invesco QQQ by 4.7% during the 3rd quarter. Orgel Wealth Management LLC now owns 382 shares of the exchange traded fund’s stock valued at $229,000 after purchasing an additional 17 shares in the last quarter. Enclave Advisors LLC grew its position in Invesco QQQ by 0.9% during the third quarter. Enclave Advisors LLC now owns 1,831 shares of the exchange traded fund’s stock valued at $1,099,000 after buying an additional 17 shares during the period. IFS Advisors LLC grew its position in Invesco QQQ by 4.1% during the third quarter. IFS Advisors LLC now owns 431 shares of the exchange traded fund’s stock valued at $259,000 after buying an additional 17 shares during the period. Mezzasalma Advisors LLC grew its position in Invesco QQQ by 0.5% during the third quarter. Mezzasalma Advisors LLC now owns 3,312 shares of the exchange traded fund’s stock valued at $1,988,000 after buying an additional 17 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Invesco QQQ by 1.2% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,421 shares of the exchange traded fund’s stock valued at $853,000 after buying an additional 17 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

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Invesco QQQ Trading Up 0.7%

Shares of Invesco QQQ stock opened at $626.14 on Tuesday. The firm has a 50-day simple moving average of $620.25 and a two-hundred day simple moving average of $601.30. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were issued a $0.7941 dividend. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69.

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.

Further Reading

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

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