U.S. Capital Wealth Advisors LLC Sells 10,847 Shares of Invesco QQQ (NASDAQ:QQQ)

U.S. Capital Wealth Advisors LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 14.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,113 shares of the exchange traded fund’s stock after selling 10,847 shares during the quarter. Invesco QQQ comprises 1.1% of U.S. Capital Wealth Advisors LLC’s portfolio, making the stock its 12th biggest holding. U.S. Capital Wealth Advisors LLC’s holdings in Invesco QQQ were worth $32,268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Prospect Financial Services LLC raised its holdings in shares of Invesco QQQ by 0.3% during the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock worth $3,059,000 after purchasing an additional 21 shares during the last quarter. Skyline Advisors Inc. grew its position in Invesco QQQ by 5.0% during the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after purchasing an additional 21 shares during the period. Sweeney & Michel LLC raised its stake in shares of Invesco QQQ by 4.0% during the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock valued at $286,000 after buying an additional 22 shares during the last quarter. Family Firm Inc. lifted its holdings in shares of Invesco QQQ by 3.1% in the 2nd quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock valued at $354,000 after buying an additional 22 shares during the period. Finally, MPS Loria Financial Planners LLC boosted its stake in shares of Invesco QQQ by 0.8% in the third quarter. MPS Loria Financial Planners LLC now owns 2,656 shares of the exchange traded fund’s stock worth $1,297,000 after buying an additional 22 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 1.5 %

Invesco QQQ stock opened at $488.36 on Thursday. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52. The business’s 50-day moving average price is $479.75 and its 200 day moving average price is $466.12.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Monday, September 23rd.

About Invesco QQQ

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.